Advertisement

  1. National

Equity firm buys HMV's debt

A Canadian private equity firm has bought the debt of struggling music retailer HMV.

View all 51 updates ›

HMV's business model 'irrelevant and unsustainable'

Neil Saunders, managing director of retail consultancy Conlumino, said the collapse of HMV was inevitable.

While many failures of recent times have been, at least in part, driven by the economy, HMV's demise is a structural failure.

In the digital era where 73.4% of music and film are downloaded or bought online, HMV's business model has simply become increasingly irrelevant and unsustainable.

More on this story