Deloitte sets a deadline of today for parties to express their interest in HMV's retail property

HMV expected to close more stores this week

A new wave of HMV store closures and job losses are expected towards the end of this week as its administrators continue to find buyers for the firm.

Retail Week has reported that Deloitte, joint administrators for HMV, has set a deadline of today for any parties interested in the retailer to step forward.

However, it is believed that the administrator will continue to accept offers for HMV’s real estate until the end of the week.

Close to 20 parties are said to be interested in the retailer’s stores, including GAME, which has declared its interest in taking on up to 45 HMV stores, whilst Dragon’s Den guru Theo Paphitis also revealed earlier this week he was ‘in’ to buying a number of HMV stores.

Hilco, owners of HMV Canada, appears to be the only firm in the running for the acquisition of HMV after taking on the retailer’s debt and subsequently taking control of the business last week.

Whilst the firm has yet to indicate what its plans for HMV would be, it would seem to be an absolute certainty than it would look to downsize the business.

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