Croydon Centrale HMV store to close
HMV is to close its Croydon Centrale store, the company's administrators have today confirmed.
The store, which employs 17 members of staff, is one of 66 identified for closure.
The stores employ a total of 930 staff.
No fixed date is set for the closure of the stores, which will continue to trade in the meantime. However, it is expected closures will take place over the next one to two months.
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The announcement comes after administrators were called in in January. Nick Edwards, Rob Harding and Neville Kahn were appointed Joint Administrators of HMV on January 15.
The following week restructuring specialist Hilco bought HMV's debt, believed to be about £176m.
The Croydon Centrale store manager was unable to comment on the closure when contacted by This is Croydon.
Nick Edwards, Joint Administrator, said: “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."
Other stores identified for closure include Wandsworth, Bayswater, Wakefield, Barnsley, Scunthorpe, St Albans and a number in Glasgow.