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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.

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Hilco: Public have strong desire for HMV to continue

HMV buyers Hilco said the public's reaction to the news the shops were shutting show shoppers want the business to succeed. Ian Topping, from Hilco said:

The reaction of the British public to the administration of HMV shows a strong desire for the business to continue to trade and we hope to play a constructive part in delivering that.

The company also confirmed it was in negotiations with landlords to re-establish a HMV business in the Republic of Ireland.

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