Saturday, 15 December 2012

HMV wobbles again

HMV has admitted it is set to break loan covenants in January. The flagging retailer is currently in talks with its money-lenders in a bid to renegotiate the terms of its £176.1 million of debts. Having already sold its live music assets (MAMA), the retailer still has online platform 7digital as an asset,  but current reports say that the major record labels and DVD suppliers are propping up HMV with a 'sale or return' policy. 

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