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.
- 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.
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:
HMV administrator's say 66 stores are to close, including nine in the Midlands.
The 66 stores, which employs 930 staff, are said to close over the next two months.
Those stores which are said to close in the Midlands include: Birmingham Fort, Chesterfield, Boston, Leamington Spa and Tamworth.