Game interested in buying HMV stores

Administrators say they have had at least 50 expressions of interest in collapsed retailer

PA
Photo: PA
Video games retailer Game has expressed an interest in buying HMV, according to reports.

Administrators Deloitte, who were called in to administrate the collapsed retailer on Tuesday (January 15) putting 4,000 jobs at risk, says it has received over 50 expressions of interest in HMV. These include a "broad range" of parties including wealthy individuals, private equity groups and Game – which is targeting as many as 50 shops, The Telegraph reports.

Nick Edwards, joint administrator for Deloitte, told the newspaper that it is "too early" to say whether a deal can be struck to rescue HMV, but that the amount of interest represents "good numbers".

Despite the prospect that the retailer could be saved, Deloitte has no plans to start honouring gift vouchers – which has sparked condemnation from music fans unable to spend their gift cards, many of which will have been received as Christmas presents.

Yesterday, Conservative MP Sir Tony Baldry said HMV bosses were committing theft by continuing to sell vouchers when they must have been aware that "there was little prospect of those vouchers or gift cards ever being redeemed".

Meanwhile, staff at the retailer's two stores in Limerick, Ireland staged a sit-in, saying that they were attempting to secure wages owed to them, including holiday pay and money they earned over Christmas.

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