Hilco UK Acquires HMV, Cites Canadian Success Story
Restructuring and special situations firm Hilco UK has completed the acquisition of British entertainment retailer HMV Group PLC from its administrators, Deloitte. The transaction, which has been valued at £50 million (or around US$76 million) according to BBC News, includes 141 stores and 2,500 employees. Hilco said it hopes to "replicate some of the success we have had in the Canadian market with the HMV Canada business." Hilco acquired HMV Canada Inc. in 2011.
9 April 2013•2 mins read
