HMV To Resume Accepting Gift Cards And Vouchers From Tomorrow
Monday, 21 January 2013
Written by Elliott Batte
Doomed highstreet retailer HMV will be accepting gift cards and vouchers that their customers still have outstanding from tomorrow, according to a statement from Nick Edwards, the joint administrator.
HMV announced last week that it would be entering administration, and the owners are now hoping to save the company - plus it’s 230 stores and 4,000 jobs - by attracting a new buyer. Now, it appears there may be a glimmer of hope, as the stores’ gift cards and vouchers will be redeemed, days after it emerged that they had become invalid. Money raised for charity releases - such as the Justice for Hillsborough single - will also be paid.
“The ability of Administrators to honour gift vouchers will depend on the specific circumstances of each case,” said Edwards, one of the appointed administrators. “Since our appointment as Joint Administrators on Tuesday afternoon, we have been urgently assessing the company's financial position. I am pleased to confirm that, having concluded this assessment, we are able to honour gift cards. I can also confirm that all money raised by HMV for various charities will be paid in full. We recognise that both of these matters have caused concern for individuals and organisations affected and are pleased to have reached a positive outcome.
He added: “We will continue to assess the longer term options for the business whilst continuing to trade. I am hopeful this process will result in the business continuing as a going concern.”
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