HMV Group’s lenders are set to hire Deloitte to advise them in talks over the group’s debts, Financial Times reports. The move by lenders, including Royal Bank of Scotland and Lloyds Banking Group, comes after HMV said it may breach its banking covenants in June, as debt reached at least £130 million by year end. The music and entertainment retailer is in talks with its lenders and is seeking to make changes to its agreement. HMV also expects to miss full-year pre-tax profits of £45 million due to continued “challenging” trading conditions.
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