HMV collapses into administration, putting 2,200 jobs at risk

Its 125 UK stores will remain open while talks with suppliers and potential buyers continueHMV has become the first casualty of a slump in Christmas trade on the high street, collapsing into administration for the second time in six years and putting more than 2,200 jobs at risk.The music and film retailer – which accounts for nearly a third of all physical music sales in the UK and nearly a quarter of all DVD sales – appointed insolvency experts from the accountancy firm KPMG as joi