Equity firm buys HMV's debt
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
Administrator Deloitte says there have been over 50 expressions of interest from potential buyers of HMV.
A large amount of that interest is from private equity funds.
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
The boss of HMV said he is confident a solution can be found to keep the brand on the High Street. In what form, however, is less clear.