London HMV Flagship Store Saved by Buyout

Hilco, the company that purchased the Canadian assets of HMV and turning nice profits, has also purchased a chunk of the bankrupt HMV UK.  How much?  About 50 million pounds.

In all, they’ll get 132 stores, including the iconic Oxford Street store in London, the branch in Islington and the 90 Market Street shop in Manchester.  A total of 2,643 jobs will be saved.

Some stores have had to close, though, with 81 shuttering up including the four at Heathrow (they needed four?) and my second-favourite London branch, which is the one in Picadilly Circus.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

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