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Hilco Seals Deal To Rescue Music Retailer Hmv

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Shoppers pass an HMV shop in central LondonBy Neil Maidment LONDON (Reuters) - Restructuring specialist Hilco on Friday bought Britain's most high-profile entertainment retailer HMV, securing the future of the 92-year-old firm and safeguarding 2,500 jobs. Hilco, which already owns HMV Canada, said it had acquired the business and certain assets of HMV, including 141 stores, 25 of which had been marked for closure by administrators Deloitte. Media reports have valued the deal at around 50 million pounds. ...




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