hmv

HMV to be saved from closing down by Hilco consortium A rescue deal has been put into place to rescue HMV from closing down by the Hilco consortium. A week after HMV fell into administration, a rescue deal by a consortium led by Hilco supported by Universal Music, Warner Music, Sony Pictures and 20th Century Fox, among others, has been initiated to save the music store from closing down. Universal Music, Warner […]

HMV is to close down. HMV, the entertainment chain on the rocks, is set to bring down it's reign on nearly a century of business. Thousands of jobs are on the line as 92-year-old retailer is put out of business by online sales and supermarkets. Trading in shares on the London Stock Exchange is being suspended, the company said in a statement. "The bottom line is that there is no real future […]