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Music chain HMV sold to Hilco in rescue deal

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THE future of Derby's HMV music and DVD store looks to have been secured following a deal to buy the chain. Restructuring specialist Hilco, which already owns HMV Canada, this morning confirmed it had acquired 132 HMV shops - as well as nine branches of the Fopp chain - in a deal which could save 2,500 jobs. HMV went into administration in January after struggling to compete with online rivals, supermarkets and digital downloads. At its peak, HMV had more than 400 outlets around the world,...

Music chain HMV sold to Hilco in rescue deal


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