HMV has been rescued by a firm that specialises in reviving ailing companies.
Restructuring firm Hilco struck a £50m deal to buy the store, saving nearly 2,500 jobs and handing a reprieve to 141 stores.
ITV News' Martha Fairlie reports.
HMV was handed a lifeline when it was bought by restructuring firm Hilco in a deal worth about £50 million.
The deal agreed with restructuring firm Hilco will save 2,500 jobs in 141 stores, including 23 which had previously been set to close.