Asda has been in talks with HMV administrator Deloitte to buy the entertainment retailer’s brand and remaining 120 stores.

That’s according to The Sun, which quotes a City source as saying that the supermarket giant has been looking at the prospect of buying HMV.

“And it’s not about taking on a few stores to convert into supermarkets,” the source is quoted as saying. “They’ve been looking at taking on the brand – the business”.

Experts tell The Sun that ...