'Dragons Den' star Theo Paphitis refuses calls to save HMV

He's one of a number of businessmen to receive Twitter appeals

'Dragons Den' star Theo Paphitis refuses calls to save HMV

Photo: PA

Businessman Theo Paphitis, star of BBC's Dragons Den yesterday refused calls to put his hand in his pocket and buy the HMV chain, which went into administration yesterday (January 15).

Paphitis was one of a number of business leaders and entrepreneurs bombarded with Tweets in the wake of the news of HMV's collapse, reports Metro. Supporters of the music and entertainment retailer reached out to The Apprentice star Lord Sugar, Microsoft founder Bill Gates and even Richard Branson, who founded the long-extinct Virgin Megastore chain, once HMV's biggest rival.

Fellow Dragons Duncan Bannatyne, Peter Jones and Deborah Meaden were contacted via the social network but it's Theo Paphitis, who is chairman of high street stationers Ryman, replied: ’No HMV not for me, sadly has no reason to exist any more!’

Paphitis' comments are at odds with the viewpoint of HMV chief executive Trevor Moore, who today (January 16) told the BBC that HMV was a viable business but was working in a "challenging period". He said he is "working tirelessly" with administrators to find a solution to the troubled company's problems.

HMV confirmed that it was going into administration yesterday (15 January). A statement read: "It is proposed that Nick Edwards, Neville Kahn and Rob Harding, partners of Deloitte LLP, will be appointed as the administrators of the Company and certain of its subsidiaries. The Company's ordinary shares will be suspended from trading on the London Stock Exchange with immediate effect."

Over 4,000 jobs are at risk as administrators Deloitte attempt to seek a buyer for the company and secure a long-term future for the high street retailer, which has around 250 branches nationwide. Branches will no longer accept gift cards/vouchers or issue them.

Read More On This Artist

More News
Q-Tip makes guest appearance at Jack White's sold-out Madison Square Garden show – watch
Noel Gallagher says songs about his own life would be 'more boring than James Blunt'
Alice Cooper offers to chop off Motley Crue's heads to close their final tour
Nickelback frontman Chad Kroeger snapped in the studio with One Direction
The Pop Group share video for new single 'Mad Truth' – watch
Sleaford Mods slam Kasabian's 'rock 'n' roll is dead' comments at London...
TI wants Iggy Azalea to forget about social media beefs and focus on her music
Palma Violets bring chaos as they preview new material at tiny Scunthorpe gig
Rihanna shares behind the scenes clip of Kanye West and Paul McCartney collaboration video
Limp Bizkit guitarist Wes Borland on recent Instagram comments: "It's a joke with truth...
Gorillaz creator Jamie Hewllet: 'Yes Gorillaz Returns'
'The Wire' star Dominic West raps to promote new film 'Guillemot'
Bobby Shmurda pleads not guilty to conspiracy to commit murder
FKA Twigs performs new song 'Figure 8' during Melbourne live show – watch
The Black Keys perform 'Weight of Love' and 'Howlin' For You' on...
Death Cab For Cutie perform 'Black Sun' on 'Letterman' – watch
Passion Pit confirm details of new album 'Kindred'
Big Sean, Kanye West and Drake team up on 'Blessings' – listen
Noel Gallagher: 'I don't agree with U2 on free music, I'd happily put an extra...
Limp Bizkit guitarist criticises his own fans ahead ShipRocked cruise performance
Missy Elliott to join Katy Perry on stage during Super Bowl half-time show
Black Sabbath's Geezer Butler describes bar room brawl as 'unfortunate altercation'

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM