HMV announced earlier this week that it may face difficulties meeting its credit covenants, which come due in April, and the company enlisted KPMG to help renegotiate terms. Separately, the Guardian reported that at least one credit insurance company removed their coverage a week ago for all goods supplied to HMV. Analysts reignited the facile running five-year-speculation on whether Waterstone’s will be put for sale, even though it doesn’t really fix anything . Disposing of the bookstore chain “would let [HMV] clear the decks to play another day,” analyst Nick Bubb told Bloomberg. “The danger is, they don’t sell Waterstone’s, […]
