HMV rescue plan imminent as Hilco ramps up take over discussions - report

RHIAN JONES

A deal to rescue HMV could be struck within ten days as Hilco ramps up discussions to purchase the High Street chain.

A purchase would need to be approved by other stakeholders in HMV – namely the suppliers and landlords – and record labels and film studios. The talks could lead to some of the suppliers taking a stake in the new HMV.

The retail restructuring group was said to be keen to conclude a deal this weekend gone - ...

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