HMV suppliers resist deal over stock

Tom Pakinkis

HMV suppliers are resisting the retail chain’s attempt to buy stock provided to it under a loan agreement at significantly cut prices.

Prior to going intoadministration, HMV struck a deal with its suppliers that meant it only had to pay for stock once it had been sold in store to customers. Many of the CDs, DVDs and video games currently on HMV shelves, therefore, are still owned by their respective supplier.

Deloitte has offered to buy up the stock at ...

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