British music retailer HMV fights for survival
- Published: 16 Jan 2013 at 00.45
- Online news: World
Iconic British music retailer HMV was fighting for survival on Tuesday after slumping into administration, but its boss expressed hope the high-street giant would manage to secure its future.
Shoppers pass a branch of retailer HMV in central London on December 17, 2012. For generations of British music fans, HMV stores were the perfect place to while away a Saturday afternoon -- but now the group has followed rivals into administration as it succumbs to the reality of the new Internet age.
HMV had announced Monday that it had appointed administrators Deloitte in an attempt to help it remain operational, placing about 4,350 jobs at risk after the company had struggled throughout the critical Christmas holiday period.
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