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Derry’s HMV to close

HMV to close its Richmond Centre Store.

HMV to close its Richmond Centre Store.

Derry’s HMV store is to close, the troubled retailer’s administrators have announced.

Deloitte said this morning that 66 of the group’s stores have been identified for closure - the Derry store which employs 15 people.

Derry’s Mp Mark Durkan said the announcement will “come as a huge blow to workers and their families.”

“While the difficulties at HMV have been apparent for some time, the news of closure still hits with a sense of shock.

“HMV staff have been a committed and reliable workforce – some of whom have served the company loyally and faithfully for up to 10 years.

“As they now face redundancy and the prospect of terrible uncertainty, management have an onus to reciprocate the loyalty and good faith which workers have always shown.”

Sinn Féin Foyle MLA Maeve McLaughlin said she was “disappointed” to hear the Richmond Centre store is to close.

“When it was announced in January that administrators had been appointed it was hoped that a buyer could be found

“It’s very important that all worker rights and entitlements are honoured. Like many of these well-known high street names they have provided good employment over the years. And provided part- time work particularly for students which helped them with their finances enabling them to complete their studies,” she said.

Nick Edwards, Joint Administrator, commented: “As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure. This step has been taken in order to enhance the prospects of securing the business’ future as a going concern.

“We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”

 

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