GRIMSBY'S HMV store has been saved from closure following the sale of 141 stores, head office and distribution functions.
They have been bought by restructuring specialists Hilco UK, securing 2,643 jobs.
Nick Edwards, Joint Administrator, commented: "We are delighted to have completed the sale of HMV's UK retail business to Hilco UK. The sale of the restructured portfolio secures the employment of 2,643 staff, saves one of the world's most iconic retail brands and provides a solid financial footing on which the business can be taken forward. We wish the Hilco UK and HMV teams every success with the business. I would like to thank all those stakeholders that have worked with us during the administration, but in particular the staff, suppliers and landlords for their support in making this deal possible."
Nick Edwards, Rob Harding and Neville Kahn, restructuring partners at Deloitte, the business advisory firm, were appointed Joint Administrators to HMV Group plc, HMV Music Ltd, HMV UK Ltd, HMV (IP) Ltd and Fopp Entertainments Ltd (together "HMV" or "the Companies") on January 15. On appointment, HMV operated 222 stores, of which 81 have closed.
