Suppliers to struggling retailer concerned about its future

Suppliers to HMV have been denied trade credit insurance, according to the Guardian.

The Guardian says an email message it has seen states that one trade credit insurance firm removed cover on January 12.

And suppliers have been firing off emails to record labels and publishers demanding a pledge that should HMV go into liquidation, debts would be covered.

Two weeks ago HMV announced plans to shut 40 stores, as well as 20 Waterstone's shops, the book chain it owns.

Analysts have questioned whether the business has a viable future and its shares have lost 80% of their value in the last two years.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics