THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Asda in talks to buy HMV

Asda is in talks to save collapsed entertainment retailer HMV, according to reports.

GENERAL MERCHANDISE

Asda in talks to buy HMV

The Sun has reported that the supermarket giant is in discussions with HMV’s administrators Deloitte regarding a potential bid for HMV’s brand and business.

A source told the newspaper: “Asda has been looking at HMV and it’s not about taking on a few stores to convert into supermarkets. They’ve been looking at taking on the brand — the business.”

Any move to purchase HMV could put Asda in competition with restructuring firm Hilco in a race to buy the business.

HMV went into administration in January after struggling against tough high street conditions and the rise in internet downloads in recent years. 

Following the administration, Hilco bought HMV’s debt and is also understood to be in talks with the Deloitte regarding a deal to buy the business. Last month, Hilco worked with Deloitte to secure new trading agreements with HMV’s principal suppliers to enable the retailer to continue selling new film, music and gaming releases. 


 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing