HMV: Retailer Game confirms it wants to buy some stores

HMV HMV's troubles are linked to a failure to cope with increasing competition

Retailer Game has revealed that it is one of the 50 separate groups or individuals who have expressed an interest in buying all, or part of HMV.

Game has asked HMV's administrators, accountancy firm Deloitte, about the possibility of purchasing an undisclosed number of HMV stores.

HMV went into administration on Tuesday of this week.

The music, DVD and games retailer has 223 UK stores in total, and a workforce of about 4,000.

According to reports, Game, which itself exited administration in April of last year, could bid for up to 45 HMV locations.

Game, which sells computer games and consoles, is owned by private equity group OpCapita.

Deloitte said that the 50 parties interested in buying all or part of HMV included other retailers, private equity firms, and wealthy individuals.

Retail restructuring firm Hilco, which owns unconnected HMV Canada, is also said to be one of the 50.

HMV's administration follows after the company failed in recent years to cope with increasing competition from online rivals, the supermarkets, and illegal music and film downloads.

More on This Story

Music Retailing

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

  • HouseboatLife on the water

    Could a floating house be the home of the future? The BBC's Adam Shaw takes a look

Programmes

  • The Audi RS7Click Watch

    Tech news review of the week including a speed record for a self-driving car

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.