Following on from HMV's recent slip into administration, it has now been confirmed that the retailer will once again honour gift cards.
Deloitte, the company handling the period of administration, revealed that they would now accept gift cards from today (January 22).
In a statement made to MCV, administrator Nick Edwards said: "The ability of administrators to honour gift vouchers will depend on the specific circumstances of each case. Since our appointment as Joint Administrators on Tuesday afternoon, we have been urgently assessing the companies' financial position."
"I am pleased to confirm that, having concluded this assessment, we are able to honour gift cards. I can also confirm that all money raised by HMV for various charities will be paid in full. We recognise that both of these matters have caused concern for individuals and organisations affected and are pleased to have reached a positive outcome."
"We will continue to assess the longer term options for the business whilst continuing to trade. I am hopeful this process will result in the business continuing as a going concern."