02-05-2019, 09:13 PM
https://www.bbc.co.uk/news/business-47127520
Canadian firm Sunrise Records has emerged as the buyer of collapsed music chain HMV, beating competition including Sports Direct owner Mike Ashley.
The firm will buy 100 stores out of administration, securing 1,487 jobs.
But 27 stores will close, resulting in 455 redundancies.
Sunrise Records chief executive Doug Putman said he was "delighted to acquire the most iconic music and entertainment business in the UK."
No price was given.
How many times have they gone into administration and been rescued now? It's kind of sad the position they're in, but it's pretty much inevitable: I rarely buy music or DVDs these days, and even when I do, it's usually done online.
I wish this group good luck, but I don't see how they'll be any more successful than their predecessors, really .
Canadian firm Sunrise Records has emerged as the buyer of collapsed music chain HMV, beating competition including Sports Direct owner Mike Ashley.
The firm will buy 100 stores out of administration, securing 1,487 jobs.
But 27 stores will close, resulting in 455 redundancies.
Sunrise Records chief executive Doug Putman said he was "delighted to acquire the most iconic music and entertainment business in the UK."
No price was given.
How many times have they gone into administration and been rescued now? It's kind of sad the position they're in, but it's pretty much inevitable: I rarely buy music or DVDs these days, and even when I do, it's usually done online.
I wish this group good luck, but I don't see how they'll be any more successful than their predecessors, really .
Board Information and Policies
Affiliation | Coffee Credits | Ranks and Awards | Name Changes
Account Deletion | BBCode Reference
Moonface (in 'Woman runs 49 red lights in ex's car')' Wrote: If only she had ran another 20 lights.
(Thanks to Nilla for the avatar, and Detective Osprey for the sig!)
My Items