Tuesday, January 22, 2013

HMV Canada owner takes control of HMV UK in attempt to rescue troubled chain

HMV Canada owner takes control of HMV UK in attempt to rescue troubled chain

HMV's 91-year long tenure on the British high street might not be coming to an end after all, as HMV Canada's owner has mounted a rescue attempt. The rescuer in this instance is Hilco, which previously picked up Polaroid's brand and paired it with famous insolvency specialist Lady Gaga. BBC News is reporting that Hilco scored a cut-price rate on the £176 million ($278.8 million) corporate debt and has already received cheering words from the film and music industry. After a bout of uncertainty, HMV has also said it'll once again accept gift cards in its stores.

[Image credit: London Express / Getty Images]

Filed under:

Comments

Source: BBC News, (2)

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/MFsUo851GNw/

Espn Fantasy Football Grandparents Day 2012 army wives 60 minutes go daddy Tom Kenny Long Island Medium

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.