HMV is sold to Hilco in rescue deal
Restructuring specialist Hilco has clinched a deal to rescue music and DVD retailer HMV.
Hilco, which already owns HMV Canada, said it had acquired 132 HMV shops and all nine branches of the Fopp chain in a deal that could save 2,500 jobs.
HMV, the UK's last surviving national music retailer, collapsed in January after months of financial crisis.
Hugh Pym reports.
05 Apr 2013
- From the section Business