Region's HMV stores saved from closure after buy-out by Canadian music retailer
By Hull Daily Mail | Posted: 6 Feb 2019
Hull and Grimsby’s HMV stores will remain open after the stricken music chain was bought by Canadian firm Sunrise Records.
The business, which has stores in Whitefriargate, Hull and Freshney Place, Grimsby, plunged into administration in December, putting jobs at risk.
It was announced earlier today that HMV had been bought, but almost 30 stores would still be axed.
The full list has now been revealed, with the Hull and Grimsby stores remaining safe.
Among those to close are Meadowhall’s store in Sheffield, two HMV branches in Manchester, and the chain’s flagship home in Oxford Street.
Inside a HMV store (Getty Images)
HMV’s new owner, Sunrise’s Doug Putman, said: "We are delighted to acquire the most iconic music and entertainment business in the UK and add nearly 1,500 employees to our growing team.
"By catering to music and entertainment lovers, we are incredibly excited about the opportunity to engage customers with a diverse range of physical format content and replicate our success in Canada.
"We know the physical media business is here to stay and we greatly appreciate all the support from the suppliers, landlords, employees and, most importantly, our customers."
HMV became the first high street casualty after Christmas when its then owner Hilco called in corporate undertakers in December.
The original branch of the HMV chain (Getty Images)
It was the second time HMV has collapsed in recent years, having filed for administration in 2013.
The likes of Poundworld, Toys'R'Us and Maplin all went bust last year amid brutal trading, while heavyweights Marks & Spencer and Debenhams announced plans to shutter hundreds of stores.
Hull’s M&S store, also in Whitefriargate, is currently under consultation to close, so news of HMV being saved comes as a major boost to the city centre shopping street.
Will Wright, partner at KPMG and joint administrator, said: "We are pleased to confirm this sale which, after a complex process, secures the continued trading of the majority of the business.
"Our immediate concern is now to support those employees that have unfortunately been made redundant."
27 HMV stores set for closure
- Bristol Cribbs
- Exeter Princesshay
- Fopp Bristol
- Fopp Glasgow Byres
- Fopp Manchester
- Fopp Oxford
- Glasgow Braehead
- Manchester Trafford
- Merry Hill
- Oxford Street, London
- Peterborough Queensgate
- Plymouth Drake Circus
- Sheffield Meadowhall
- Tunbridge Wells
- Westfield London