UK music retailer HMV sold to Canada’s Sunrise Records
Troubled retailer collapsed after Christmas, but deal will save almost 1,500 jobs
Entertainment retailer HMV collapsed after Christmas. Photograph: Cole Burston/Bloomberg
HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said on Tuesday.
The administrators said 27 stores were not included in the deal and would close immediately, resulting in 455 redundancies. – Reuters