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Staff 'live-tweet' sackings at British retailer HMV

Staff at collapsed British music retailer HMV hijacked the company's official Twitter account on Thursday to warn they were being sacked en masse. The tweets were swiftly deleted but within minutes, administrators Deloitte confirmed 190 redundancies had been made across HMV's head office and distribution network as a "necessary step in restructuring the business". On the official @HMVtweets account, the outgoing staff in the human resources (HR) department began with a strangely upbeat message reading: "We're tweeting live from HR where we're all being fired! Exciting!!"

UPDATE 2-Hilco tightens grip on HMV with debt purchase

LONDON, Jan 22 (Reuters) - British entertainment retailer HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of the 92-year-old group which sought protection from creditors last week. "Hilco UK confirms that it has acquired HMV's debt from the group's lenders. It has not bought the business itself," Hilco said on its website on Tuesday.

Hilco tightens grip on HMV with debt purchase - sources

LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week. Hilco, which bought HMV Canada in 2011 and salvaged home goods firm Habitat, has bought the debt from HMV's lenders Royal Bank of Scotland and Lloyds, the sources said on Tuesday.

Hilco frontrunner for HMV, music and film industry keen -reports

* Over 50 expressions of interest received in HMV - source * Music and film industry preparing rescue package - paper * 'Good level of interest' in rental firm Blockbuster - source LONDON, Jan 20 (Reuters) - Restructuring specialist Hilco is the frontrunner in the battle to save music retailer HMV from administration, British media reported on Sunday. Hilco, which bought HMV Canada in 2011 and salvaged home goods firm Habitat, is favoured by an industry consortium, said the Sunday Times.

Game Group interested in buying HMV stores - report

LONDON, Jan 17 (Reuters) - Video games seller Game Group has approached the administrators of HMV about acquiring some of the collapsed music retailer's stores, Game's boss told the Financial Times. Martyn Gibbs, the CEO of Game, which itself was bought out of administration by investment firm OpCapita last year, said Game had approached HMV's administrators Deloitte regarding an interest in an unspecified number of stores.

UPDATE 1-HMV shuts Irish stores after receiver appointed

* Over 200 British stores remain open as Irish doors closed * Staff hold sit-ins in two stores as they wait on wages DUBLIN, Jan 16 (Reuters) - Music and video retailer HMV closed its 16 Irish stores on Wednesday after a receiver was appointed to assess their viability, a day after the company sought protection from creditors in Britain.

UPDATE 2-HMV's future seen as handful of stores and website

* Deloitte appointed administrator, 4,123 jobs at risk * HMV will continue to trade while Deloitte seeks buyer * CEO says confident HMV will survive, has "a plan in mind" * Analysts see brand surviving but expect store closures By Neil Maidment and James Davey

HMV CEO says confident firm will survive

LONDON, Jan 15 (Reuters) - The boss of British music retailer HMV, which is seeking protection from its creditors, said he was sure an administration process would result in the survival of the 92-year old firm in some form. "I'm confident that we will find a solution," Chief Executive Trevor Moore told reporters on Tuesday.

HMV's future seen limited to flagship stores and internet

By Neil Maidment and Kate Holton LONDON, Jan 15 (Reuters) - HMV, the long-established music retailer seeking protection from its creditors, is unlikely to have a future beyond a rump of stores and the internet, if other recent British retail failures are any guide.

UPDATE 2-Music over for HMV as retailer calls in administrators

By Neil Maidment and Rosalba O'Brien LONDON, Jan 14 (Reuters) - Music and DVD retailer HMV said it was calling in the administrators after a last-ditch attempt to secure funding failed, bringing the curtain down on one of Britain's best-known high street retail stores. The accounting firm Deloitte has been named as the administrator and intends to keep the business running while it seeks a potential buyer, HMV said in a statement late on Monday.
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