Deathwatch: Hilco move in and acquire HMV's mountain of debt

22 January 2013

There’s been a development in the unsavoury HMV saga, with the news that retail restructuring group Hilco UK has acquired the debt of the beleaguered entertainment retailer and effectively allowing it to take control of it.

Hilco already owns HMV Canada, which puts it in a strong position when it comes to attempting to save its UK cousin. This of course doesn’t mean that a magic wand will be waved, saving all 230 stores and 4,000 jobs but it will possibly shine a ray of hope over the nearly-knackered chain of shops.

It was said earlier in the week that more than 50 parties had expressed an interest in buying some of the company, with Game Retail believed to have its beady eye on about 45 stores.

Whether a smaller version of HMV will survive, with loss-making stores closed down remains to be seen. Or maybe we’ll all be killed by a falling meteorite. You just never know…

TOPICS:   Debt


  • Wongaporkpies
    Well at least HMV will not be hit by a Opcapita Comet !!!!!!!!!
  • kv
    at least Theo Paphitis didnt get his hands on it
  • Wongaporkpies
    B ironic Theo getting his hand on it and people ask for a Dragons DVD, and the person at the Counter says sorry we don't stock that title, but we can order it via Amazon or on your behalf. We would have charged £12.99 but play sell it for £8.99 but we will still charge you £12.99 which includes a £4 handling charge !

What do you think?

Connect with Facebook, Twitter, or just enter your email to sign in and comment.

Your comment