HMV boss hopeful management can lead new HMV

Chief Executive Trevor Moore tells me they hope to have more answers on what happens next for HMV in next 24 hours.

He says he hopes that the existing management team can stay in place and lead a new, if smaller HMV.

He and the Finance Director are very bullish about being able to save something from the business.

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Equity firm buys HMV's debt

A Canadian private equity firm has bought the debt of struggling music retailer HMV.