HMV

HMV

HMV owner: UK must fix business rates or risk more shop closures

The owner of HMV, the famous British music and entertainment retailer, is urging the UK government to address the issue of business rates. Failure to do so may result in more shop closures across the country. Despite the challenges faced by the retail industry, HMV remains determined to bounce back and return to hosting events.

HMV's owner is keen on organizing events once again and has already booked popular artist Ed Sheeran for a free concert next month. This move aims to attract customers and revitalize the brand. However, the company emphasizes that the government's intervention on business rates is crucial to ensure the survival of not only HMV but also other struggling retailers.

The high business rates imposed on retailers have been a significant burden, particularly for physical stores. Many businesses have been forced to close down due to the financial strain caused by these rates. HMV's call for action highlights the urgent need for the UK government to address this issue and provide support to retailers, enabling them to thrive once again.