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Lakeside HMV escapes closure in latest cuts by administrators
THE Lakeside branch of beleaguered retailer HMV has escaped closure in the latest announcement.
37 more store closures - with the loss of 464 more jobs - were announced by administrators Deloitte today.
Nick Edwards, joint administrator, said: "As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
"Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores."
The high street chain went into administration on January 15.
Lakeside branch was not named in the latest closures but the store in Basildon is set to close.