1/15/2013

UK-based HMV Group entered administration and said Monday it plans to appoint Deloitte as administrator, with the goal of keeping the chain's 230 CD and DVD stores operating until the retailer finds a buyer. The chain has been hurt as more consumers shift to digital music and online shopping, but the country's music industry hopes to see a downsized HMV survive as a high street alternative, said Andy Heath, chair of UK Music.

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