(The following press release from Deloitte was received by e-mail. It was
not confirmed by the sender.)
Please find below a statement from Deloitte confirming the sale of HMV’s UK
retail business to restructuring specialists Hilco UK. Under the sale, 141 of
HMV’s stores and the group’s head office and distribution functions are
transferred into the new ownership securing 2,643 jobs.
With best wishes,
Contact: Deloitte press office
020 7303 5054
Friday 5 April 2013
Administrators confirm sale of HMV UK to Hilco
The Joint Administrators of HMV today confirm the sale of HMV’s UK retail
business to restructuring specialists Hilco UK. Under the sale, 141 of HMV's
stores and the group’s head office and distribution functions are transferred
into the new ownership 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 15 January 2013. On appointment, HMV
operated 222 stores, of which 81 have closed.
Note to editors:
For media enquiries regarding the ongoing business, please contact Jonathon
Brill at Financial Dynamics on 020 7269 7170 or 07836 622 683.
The 141 stores included in the sale are:
Aberdeen, Ayr, Banbury, Bangor (Wales), Basildon, Basingstoke, Bath, Belfast
Donegall Arcade, Birmingham Bullring, Blackpool, Bluewater, Bournemouth,
Bradford, Brighton Churchill, Bristol Broadmead, Bristol Cribbs, Bromley, Bury,
Bury St Edmunds, Cambridge, Canary Wharf, Canterbury, Cardiff, Carlisle,
Chelmsford, Cheltenham, Chester, Chichester, Colchester, Coventry, Crawley,
Cwmbran, Darlington, Derby, Doncaster, Dundee, East Kilbride, Eastbourne,
Edinburgh Fort Retail, Edinburgh Ocean Terminal, Edinburgh Princes Street,
Exeter, FOPP Bristol, FOPP Cambridge, FOPP Covent Garden, FOPP Edinburgh, FOPP
Glasgow Byres Road, FOPP Glasgow Union Street, FOPP Gower Street London, FOPP
Manchester, FOPP Nottingham, Gateshead, Glasgow Argyle, Glasgow Buchanan,
Glasgow Fort, Gloucester, Grimsby, Guernsey, Guildford, Hanley, Harlow,
Harrogate, Hastings, Hatfield, Hereford, High Wycombe, Horsham, Hull,
Inverness, Ipswich, Isle of Man, Isle of Wight, Islington, Jersey, Kettering,
Kings Lynn, Kingston, Leamington Spa, Leeds Headrow, Leeds White Rose,
Leicester, Lincoln, Liverpool One, Livingston, Llandudno, Maidstone, Manchester
90 Market Street, Manchester Trafford, Mansfield, Merry Hill, Middlesbrough,
Milton Keynes, Newcastle, Newport (Wales), Northampton, Norwich Gentlemans
Walk, Norwich Chapelfield, Nottingham Victoria, Nuneaton, Oxford, Oxford
Circus, Peterborough Queensgate, Plymouth Drake Circus, Poole, Portsmouth
Commercial Road, Portsmouth Gun Wharf Quay, Preston, Reading Oracle, Romford,
Selfridges Oxford Street, Sheffield High Street, Sheffield Meadowhall,
Shrewsbury, Solihull, Southampton, Southend Victoria, Southport, Speke Park,
Staines, Stevenage, Stirling, Stockport, Stratford upon Avon, Stratford City
Westfield, Sunderland, Sutton, Swansea, Taunton, Thanet, Thurrock, Truro,
Tunbridge Wells, Uxbridge, Westfield London, Wimbledon, Winchester,
Wolverhampton, Worcester, Worthing, Yeovil, York.
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which is among the country's leading professional services firms.
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