HMV Collapse: Gift Cards And Vouchers Invalid

Written By Unknown on Selasa, 15 Januari 2013 | 18.56

The Vinyl Countdown: HMV's History

Updated: 11:53am UK, Tuesday 15 January 2013

A timeline of the history of HMV:

1921

The company's landmark store in Oxford Street, London is opened by the composer and conductor Sir Edward Elgar. Its owners, the Gramophone Company (later EMI), developed its legendary "His Master's Voice" trademark.

1962

Brian Epstein visits the store's recording studio and cuts a demo for The Beatles. It led to the band meeting Parlophone's George Martin and they recorded their first single at Abbey Road studios four months later.

1976

HMV begins to expand and has around 25 stores across the UK.

1986

The Group expands overseas, opening stores in Ireland and Canada. Its new Oxford Circus shop is the world's largest record store.

1990s

HMV opens stores in Australia, the US, Japan, Hong Kong, Singapore and Germany.

1997

The company launches its HMV UK website.

1998

EMI and venture capital firm Advent Investors create HMV Media Group, which then acquires HMV, Waterstone's and Dillons - subsequently rebranded as Waterstone's.

2002

HMV Media Group is renamed HMV Group and listed on the London Stock Exchange.

September 2006

Former managing director of Comet, Simon Fox, becomes chief executive of HMV Group.

2007

The chain acquires a number of Fopp and former Zavvi stores.

January 2009

HMV enters the live music market after buying venue owner MAMA Group for £46m.

January 2011

In an attempt to reduce its debt pile, the company begins to close 40 HMV stores and 20 Waterstone's shops.

May 2011

Waterstone's is sold to Russian billionaire Alexander Mamut for £53m.

January 2012

HMV does a deal with Universal and other music suppliers to help bolster its finances. The company's banks agree to give it more time to repay its debt.

June 2012

The company winds down its live music business, selling the Hammersmith Apollo for £32m.

August 2012

Chief executive Simon Fox says he will leave the business, with former Jessops boss Trevor Moore to take over.

December 2012

HMV admits it could breach crucial banking agreements at the start of 2013 as a result of huge debts and falling sales.

January 2013

The company calls in administrators Deloitte to oversee efforts to rescue it, leaving 4,000 jobs at risk.


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