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.