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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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HMV called in administrators from Deloitte in January

HMV called in administrators from Deloitte in January but hopes of a rescue deal were subsequently raised after specialist restructuring firm Hilco bought the company's debt.

HMV's flagship store in Belfast. Credit: Press Assocation

It was announced in February that 66 of HMV's 220 shops would close over two months, at the cost of nearly 1,000 jobs.

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