Following HMV’s dramatic decline of recent years, and subsequent call into administration last week, retail re-structuring group Hilco has offered a potential light at the end of the tunnel.
After buying the High Street retailer's debt of £176m, Hilco (who saved HMV in Canada) could be about to provide a fresh eye to the business model and nurture it back to health.
And reports say the music industry is on board with a rescue plan whereby labels offer HMV committed terms that allow it to sell CDs for bargain prices.
However, critics still remain doubtful that retail can survive the online surge of the past decade and a number of the chain's outlets are still likely to be gone for good.
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