London 15/1/13: HMV the music and film retailer has been placed into administration after disappointing Christmas sales. The Oxford Street brand which employs approx 7,000 workers is Britain's biggest seller of CDs and DVDs and their shop in central London remains open while the brand's sale can be organised by Deloitte, becoming the U.K. retail industry's second high-profile casualty in the space of a week.
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