Specialist restructuring firm Hilco has confirmed it has struck an agreement with HMV administrators Deloitte to buy the company, in a deal that should secure 2,500 jobs.
The deal will keep 141 shops open, including nine in the East Midlands and 12 in the West Midlands.
Hilco, a specialist "restructuring" company confirmed in January that it acquired HMV's debt from the Group's lenders, but not the business itself. It said at the time:
Hilco believes there to be a viable underlying HMV business and will now be working closely with Deloitte who, as Administrators, are reviewing the business to determine future options.
The company says it global leader in "maximising the realisation value of retail assets" and has managed the restructure of the following businesses:
Read: HMV closes another 37 stores
Entertainment retailer HMV has been bought by restructuring group Hilco in a deal that has saved many jobs across the Midlands. It also includes nine Fopp stores.