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HMV in covenant crisis talks

The music and entertainment retailer HMV have announced that they are likely to break banking convenants as debts mount.

HMV are already in talks with Deloitte regarding debts to lenders including RBS and Lloyds and have issued their fourth profit warning in six months. (more…)

Category : Corporate Insolvency,Insolvency news — Tags: , , — admin @ 7:28 pm March 2, 2011