Could HMV's buyer have come forward already?

Tom Pakinkis

Retail restructuring group Hilco could be interested in buying HMV’s UK stores, according to the Financial Times.

The company already owns HMV Canada and is reportedly eyeing the possibility of taking on HMV stores in the UK, although it is not thought to have been approached by the High Street store's administrator Deloitte.

The HMV Group confirmed late last night that its shares would be suspended from the London Stock Exchange with immediate effect today (Tuesday, January 15).

HMV CEO Trevor Moore has said that he wants to lead the chain out of administration and, alongside financial director Ian Kenyon, ‘intends to do whatever he can to safeguard jobs where possible’.

Hilco, a UK company, acquired HMV Canada from HMV Group in June 2011 for a total of £2.05 million.

Source: Financial Times


Tags: HMV, Retail

Not a subscriber?

 Sign up today, registration is easy!