Now, however, there could be light at the end of the tunnel. Administrator Will Wright has confirmed that several offers have been tabled to buyout the company as yesterdays’ deadline passed.
“Since our appointment as joint administrators, we have received significant support from key stakeholders, including employees, suppliers and creditors, as we have endeavoured to trade the HMV business,” Wright said.
“We’d like to thank everyone for their support during this time, in what remain challenging circumstances.”
He addeD: “We can confirm that a number of offers on various bases have been received, and we now need to evaluate these further over the coming days,” he added. “Given the commercially sensitive nature of this process, we will not be providing further detail at this time. We will continue to endeavour to trade all stores while discussions with all the relevant stakeholders continue.”
Wright failed to name the identities of the people behind the bids to buy the company.