Hilco Capital-backed HMV Canada to close Toronto location

Music and entertainment retailer HMV Canada plans to close its Toronto Eaton Centre location by the end of this year, citing high real estate costs. The company said it has opened and closed a number of stores over the last decade as part of a long-term real estate strategy. HMV Canada is a portfolio investment of British private equity firm Hilco Capital. In July 2011, Re:Capital Canada, a Hilco affiliate, acquired it from the United Kingdom's HMV Group Plc. Last year, Re:Capital Canada bought Tilley Endurables.

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