HMV faces going into administration for the second time in six years Getty ImagesHMV is on the brink of collapse for the second time in six years in the first retail casualty following a very tough Christmas trading period. In a move that could result in the disappearance of the last significant music retailer on the high street, HMV Retail said it had filed a notice of intention to appoint KPMG as administrator. It said that a “tsunami of challenges” meant the business was no longer sustainable although it added that it was seeking a buyer for the chain as a “going concern”. It means that more than 2,000 employees in 130 shops face losing their jobs just days after Christmas. According to Sky News, HMV had call in administrators even as it engaged in last-ditch talks to…

Source: The Times December 28, 2018 12:01 UTC