Steve Abraham

HMV heading into administration »

Deloitte was being lined up to run the 239-store chain following a meeting of the HMV board on Monday evening, the BBC understands.

A formal announcement is expected later.

HMV has been in crisis for months, and in December warned it faced a possible breach of bank loan agreements.

I'm not even remotely surprised. When was the last time you bought a CD from HMV?