HMV sets sights on international growth as turnaround pays off

 
Kasmira Jefford
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The first store is due to open in Dubai next year (Source: Getty)
Music retailer HMV is gearing up for expansion overseas following a dramatic turnaround just two years after being rescued out of administration.

The company is said to be in talks to take its website into 10 other countries, primarily in Europe.

Paul McGowan, HMV’s chairman and the founder of restructuring firm Hilco, which bought the chain out of administration in 2013, told the Sunday Telegraph that the retailer was also in demand in Korea because of its exclusive rights over Irish radio station RTE.

Talks of further expansion come after HMV struck a deal with Qatari businessman Wissam Al Mana in July to open up to 15 HMV stores across the Middle East.

The first store is due to open in Dubai next year. HMV has also been expanding in the UK, with 14 stores opened this year and another three due to launch before Christmas.

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