Restructuring firm Hilco acquires HMV

It has been confirmed that Hilco has done a deal to acquire the HMV business including 141 HMV stores (including 25 marked for closure by Deloitte). It is speculated that the deal cost Hilco £50m.

Hilco, the restructuring firm that already owns HMV Canada, had effectively seized control of the company in January after buying up all the debt HMV owed to its lenders.

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