Administrators in talks over ‘new arrangements’ with HMV book suppliers

Administrators in talks over ‘new arrangements’ with HMV book suppliers

Administrators are in “ongoing” talks with book suppliers to HMV and trying to “make new arrangements” after the music retailer collapsed for a second time

Book sales represent approximately 2% of HMV’s £254m revenues in the year to date, the administrator has confirmed, with Bonnier Books UK and Michael O’Mara titles among those on HMV’s list. 

Will Wright, Neil Gostelow and David Pike from KPMG’s Restructuring practice were appointed as joint administrators on Friday 28th December, six years after the retailer was rescued by restructuring firm Hilco in a £50m deal. 

With book sales a...

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