Sunrise Records buys HMV UK chain from administrators
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Third time lucky for HMV?

Will it be third time lucky for HMV as the administrators KMPG announce that Sunrise Records, a Canadian firm that bought Canadian HMV stores, will buy the collapsed retail chain out of administration. The deal will result in 27 stores closing resulting in 455 redundancies but save 100 stores securing 1,487 jobs. HMV’s flagship Oxford Street store in London, opened in 1921, is among the 27 outlets set to close. Sunrise Records chief executive Doug […]

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HMV UK stores go into administration

HMV UK stores go into administration on 28th December 2018 with KPMG appointed as administrators to HMV Retail Ltd and HMV Ecommerce Ltd. HMV operates 128 stores across the UK including 9 which operate under the Fopp brand. The administration which is the second time in 6 years puts 2,200 jobs at risk and is the latest in a series of UK retail failures in 2018 which have included House of Fraser, Poundland, Toys ‘R’ Us and […]