Sunrise Records to take over 70 locations of HMV Canada
Ontario music retailer Sunrise Records said it will take over 70 brick-and-mortar locations previously owned by HMV Canada. Sunrise said the initiative will introduce it to all major markets across Canada. The acquired stores will start opening in April 2017, it added. HMV Canada, which went into receivership earlier this year, has been backed since 2011 by Hilco Capital. Re:Capital Canada, an affiliate of the British private equity firm, acquired the business from the United Kingdom’s HMV Group Plc.
27 February 2017•4 mins read
