HMV, a tale of hubris, tax and monopoly

HMV, the UK’s leading bricks & mortar creative industries retailer has gone into administration. Lets hope that its winding up is not as brutal as at Jessops which also failed last week. The FT reports in an article, published yesterday, entitled, HMV calls in the Administrators that the rug was pulled when their suppliers of the music, films and computer/console games refused to extend credit terms to allow them to refinance their debt. …