HMV boss willing to sell "any part" of the business

<p>The chief executive of HMV has said he would be willing to consider selling off part of the business if it would enhance shareholder value, but stressed no investors have come forward as yet.</p><p>In an interview with the <em>Financial Mail </em>following results which showed&nbsp; <a href="../news/122354-waterstones-profits-slump-70-after-disappointing-year.html" target="_blank">a 70% drop in profits at Waterstone&#39;s despite operating profit increasing by 14.2% to &pound;80.4m at a group level</a>, Simon Fox said the disappearance of the book chain would be &#39;tragic&#39;. </p><p>Fox said: &#39;It would be a tragedy if we didn&#39;t have a high street book retailer and we are the last one to succeed. Clearly making less than &pound;3 million profit on sales of over &pound;500 million is not a good place to be. But I&#39;m optimistic that the new strategy will continue to bear fruit.&quot; </p><p>He added: &quot;If anyone came along with a large bag of money for any part of the business, we would take that very seriously. But that is not the case.&quot; </p><p>Fox said he was looking at other potential sites for combined Waterstone&#39;s and HMV outlets following the success of a former Borders store in the Silverlink Shopping Centre near Newcastle.</p>