HMV’s new owner Doug Putman has told Music Week of his ambitions to “grow and expand” the UK’s last music chain.
Putman, owner and CEO of Canada’s Sunrise Records, acquired 100 stores in a deal with administrator KPMG. He plans to launch a greater range of vinyl and more live events.
“We need to have those stores be profitable and we need to be going down a new path,” said Putman. “The stores need to look different and feel different....
Register for a Music Week trial to access this article.
Sign up for your free trial to Music Week, the no 1 weekly trade magazine for anyone who needs to understand the business of music. For four whole weeks we will provide you with great, in-depth journalism that gets right inside the business of music in print and 24/7 online. With both the print and digital edition you will be able to enjoy the whole Premium experience of a subscription to Music Week - absolutely free.Start your free trial