When is hmv manchester closing

The company said it was also relocating in Lincoln and Plymouth, with new stores opening in both cities at the start of February. A HMV spokesman said: "There are currently 10 stores where negotiations with landlords are ongoing and we are hopeful of securing new deals. HMV was purchased in a rescue deal by music mogul Doug Putman in February after it crashed into administration for the second time in five years in December Mr Putman, who runs the Canadian retailer Sunrise Records, closed 15 stores after taking control of the business.

Watch Live. HMV and Debenhams become latest major retailers to close high street stores The music retailer and the department store chain have announced they are closing at least 22 shops between them. Popular articles. What do the different coloured poppies mean? In Depth. The most extreme weather events of In pictures. Is Bosnia on brink of another war? Around 40 jobs will go in Manchester and a further warehouse jobs will be lost in the weeks to come.

Doug Putman, who owns Canadian retailer Sunrise Records, has bought the retailer beating off competition from Mike Ashley — owner of Sports. HMV went in administration after Christmas, blaming tough conditions on UK high streets and competition from streaming sites such as Netflix and Spotify.

The deal saves HMV from collapse for the second time in six years, after the restructuring firm Hilco bought the business in Its acquisition by Canadian group Sunrise will ensure the iconic British brand stays on the high street. Alas, one has to question whether it has a big opportunity under the new owner or whether it is still living on borrowed time.