News

Steve Talks to Deloitte Over HMV Administration

(January 17, 2013)

Steve & John Bishop

Liverpool Walton MP, Steve Rotheram has contacted Deloitte, the administrator brought in by HMV earlier this week, to ensure that all money made on the sale of the Justice Collective’s Christmas single is paid to the families for  their continued fight for justice for the 96 lost at the Hillsborough disaster in 1989.

“HMV were first-class in the way they promoted and sold the single over the Christmas period even hosting the launch in Liverpool One on 17 December 2012. I am devastated for the staff of HMV stores who are now facing the very real prospect of redundancy.

“I have made contact with Deloitte the administrator highlighting the need for them to give consideration to passport the residual monies owed to the charity from the sale of the single. I look forward to working with them to resolve this issue.

“It is worth reiterating that HMV did not make any profit from the sale of the single and that all monies collected by HMV stores were on behalf of the charity to assist the Hillsborough families in their continued legal fight for justice.

“In total, we sold almost 400,000 copies of the single both digitally and in stores. HMV were responsible for sales which generated receipts of circa £150,000, which we believe should be transferred via our distributor, Universal to the charitable account.

“I am confident that the administrators understand the special circumstances relating to this specific issue and will do the right thing and pass the monies owed to the families' charity fund as soon as possible.

“I once again wish to express my great sadness that such an iconic high street music store has been forced to call in the administrators, but recognise it is unfortunately a sign of the times for some businesses in the retailer sector in these uncertain economic times”

 

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