HMV gets reprieve in £50m Hilco deal

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.

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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.