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York's HMV Store Saved From Closure


1:14pm 5th April 2013

York's HMV store on Coney Street has been saved from closure.

It's one of 141 stores to be bought by restructuring firm Hilco from administrators Deloitte, who were managing the chain after it collapsed in January.

Across the group, 2,643 jobs have been saved.

Nick Edwards, Joint Administrator, commented: “We are delighted to have completed the sale of HMV’s UK retail business to Hilco UK.  The sale of the restructured portfolio secures the employment of 2,643 staff, saves one of the world's most iconic retail brands and provides a solid financial footing on which the business can be taken forward.  We wish the Hilco UK and HMV teams every success with the business.  I would like to thank all those stakeholders that have worked with us during the administration, but in particular the staff, suppliers and landlords for their support in making this deal possible.”

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