LONDON Jan 14 British music and DVDs retailer
HMV confirmed on Monday that it was calling in the
administrators as talks over a deal to prevent an imminent
covenant breach failed.
"The board regrets to announce that it has been unable to
reach a position where it feels able to continue to trade
outside of insolvency protection," the company said in a
statement on Monday evening.
Deloitte would be appointed as administrators and the
business would continue to trade while a purchaser was sought,