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
HMV Hong Kong and Singapore stores sold to AID Partners

Hong Kong based private equity firm AID Partners Capital has bought HMV’s Hong Kong and Singapore businesses from the administrators as well as its operating licenses for China, Macau and Taiwan.

GENERAL MERCHANDISE

HMV Hong Kong and Singapore stores sold to AID Partners

Administrators Deloitte said that AID Partners had bought the collapsed entertainment retailer’s six stores in Hong Kong and two stores in Singapore. The deal also includes additional brand rights in China, Macau and Taiwan.

Rob Harding, joint administrator, said: "We are delighted to have completed the sale of HMV’s Asian business and wish AID Partners and the HMV Asia team every success for the future in developing this iconic brand further. 

"Since the broader HMV group entered administration on 15 January, the ongoing support and funding we have received from Hilco, the group's secured lender, has provided sufficient time to allow this sale to be concluded on a solvent basis."

Deloitte said it was continuing to pursue interest from parties in licensing the HMV brand in other Asian countries.


 

 

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