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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:
The company says it global leader in "maximising the realisation value of retail assets" and has managed the restructure of the following businesses:
- Nottingham Victoria
- Nottingham (Fopp)
- Birmingham Bullring
- Merry Hill (Dudley)
- Leamington Spa
- Stratford upon Avon
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.