The collapse of HMV into administration has set alarm bells ringing across the industry - but the music trade hasn't given up on the retailer.
Below, the founder of much-loved British indie label Bella Union, Simon Raymonde - whose roster includes Fleet Foxes, Midlake and John Grant - reflects on the events of Monday evening, which saw the 92-year-old HMV effectively taken over by administrator Deloitte, owing £176m to its banks.
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