HMV IS ON the brink of going into administration as the company’s directors continue their talks on how to save the retail giant.
Sky News is reporting that accounting firm Deloitte has been lined up as a possible administrator to the company, which has 16 shops in the Republic of Ireland and some 230 shops in the UK.
Up to 4,000 jobs would be at risk were the music shop to close.
The news comes after HMV warned last month that it may breach its January 2013 agreements with lenders.
HMV began trading in 1921 and had its first store on London’s Oxford Street.