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Who is HMV 'buyer' Hilco?

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:

  • Woolworths
  • Habitat
  • Somerfield
  • Denby
  • Littlewoods
  • Borders

HMV to close stores in Midlands

66 stores are to close Credit: PA

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.