Britain’s HMV Faces the Music as Retailer Calls in Administrators

Pedestrians walk past an HMV shop in central London, Britain, on Dec. 28, 2018. Peter Nicholls/Reuters

Music retailer HMV said on Dec. 28, it was calling in the administrators, blaming a worsening market for entertainment CDs and DVDs, to become the latest victim of brutal trading conditions in Britain’s retail sector.

The accounting firm KPMG has been named as the administrator and intends to keep the business running while it seeks a potential buyer, HMV said in a statement.