Major UK record store HMV is poised to call in administrators, according to media reports.
Directors for the music retailer are in talks about the company's future, and accountancy firm Deloitte could be waiting in the wings, Sky News says.
A number of options were reportedly being discussed by the HMV board, and it is thought an announcement will be made later on Monday.
The chain employs more than 4000 people across almost 240 stores in the UK and Ireland.Deloitte declined to comment.
The new magazine for a new generation of West Australians.Click here to download »
All the latest market figures from Australia and the world.Click here »
'The West Australian' is a trademark of West Australian Newspapers Limited 2013.
All rights reserved.
Select your state to see news for your area.