Thu, 25/04/2013 - 16:04
When the news came to The Bookseller last year that James Heneage had inked a three-book deal with Quercus my first thought, perhaps like many in the trade, was: oh, the former boss of Ottakar’s. I’m sure it was hard for him to get a book deal.
I tell Heneage this when we meet at the bar at the top of Waterstones...
Fri, 12/04/2013 - 09:23
A new-era HMV will continue to sell books, restructuring company Hilco has confirmed.
Former Waterstones employee Michael Neil will also remain as the chain’s commercial director.
Hilco announced last week (5th April) that it had bought 141 of the 230 HMV stores, including 25 previously earmarked for closure, in a deal...
Fri, 05/04/2013 - 09:35
Restructuring firm Hilco is reportedly poised to save 130 HMV-branded stores and 2,500 jobs in a £50m deal.
Sky News has reported that the move to save the stores could be finalised as early as this morning (5th April) and could see HMV emerging from administration as a newly-formed UK company.
Hilco bought HMV’s...
Wed, 13/03/2013 - 07:20
Asda may launch a bid to take control of collapsed music chain HMV, according to reports.
Restructuring specialist Hilco bought HMV's debt and so has looked most likely to acquire the retailer, but Asda could launch...
Wed, 20/02/2013 - 12:52
HMV's administrators have announced that a further 37 shops will close, bringing the number of confirmed store closures to approaching half the chain's original portfolio.
A total of 464 staff will be made redundant as a result of the latest round of closures.
Deloitte, HMV's administrators, said the move was...
Thu, 07/02/2013 - 08:45
HMV is to close 66 of its stores, making 930 of its staff redundant, as it puts its Oxford Street branch up for sale.
The company’s administrators Deloitte said the decision was made following a review of the stores portfolio.
Thu, 31/01/2013 - 15:46
The administrator of HMV has made 190 redundancies at head office but says it remains hopeful of securing “a future for the restructured business”.
Deloitte thanked suppliers for their support since the company went into administration earlier this month, adding that customer support had also been strong. Nick Edwards,...
Tue, 22/01/2013 - 14:04
Restructuring company Hilco has bought HMV’s debt, taking effective control of the company.
Hilco, which owns HMV Canada, has bought the debt of HMV from the group’s lenders Lloyds and RBS for what is believed to be “much less” than the estimated £176m debt because the chain is in...
Tue, 22/01/2013 - 11:35
The collapse of HMV and of the DVD rental chain Blockbuster provide real lessons to anyone working in the content industries, whether they are retailers, creators or distributors. The Sunday Times may think otherwise (last week it reported that print books were “bouncing back”) but the reality is not nuanced: this digital...
Fri, 18/01/2013 - 08:00
A cautious approach to HMV by publishers in recent months has meant many did not feel over-exposed as the chain went into administration earlier this week (15th December).
Simon & Schuster and Quadrille were among those reporting a low exposure to the company, while Bertrams was one of several businesses that had ceased trading...