Hilco's PE Unit Rescues Music Chain HMV
The stores had been slated for closing by HMV’s administrator, Deloitte LLP. Hilco U.K. did not announce the purchase price, but the sale was widely reported to be $76 million. The acquisition potentially saves 2,500 jobs, Hilco said.
“We're officially out of administration and under new ownership,” HMV said...
To view the full article, register now.