Report: HMV on verge of £50m rescue

HMV are on the verge of a £50 million rescue by specialist restructuring firm Hilco in a move that could save 2,500 jobs and 140 UK shops, according to Sky News.

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HMV deal 'saves 2500 jobs'

Some 2,500 jobs at retailer HMV have been saved after restructuring firm Hilco agreed a deal to acquire 141 stores, including 23 which had previously been set for closure.