When news broke last week that HMV had entered administration, it was made clear that the brand's Canadian operations would not be affected by the news. HMV's Canadian stores remain unaffected thanks to the sale of the Canadian stores to private equity firm Hilco last year. As a result of this deal, the Canadian stores are no longer a part of HMV Group PLC. This means they'll remain open despite the fact that the fate of their UK counterparts remains undecided.
HMV opened in 1921 and operates over 270 stores across eight countries. Deloitte announced that HMV would once again be honouring gift vouchers. Last week, Deloitte had said it would not be accepting gift cards from customers.