Equity firm buys HMV's debt
A Canadian private equity firm has bought the debt of struggling music retailer HMV.
HMV sell stake in nightclub company
HMV administrators announced they have sold their majority shareholding in entertainment and music venue company, G-A-Y Group.
G-A-Y was the only remaining venue businesses owned by HMV, comprising the G-A-Y bars and Heaven nightclubs.
It was sold to Jeremy Joseph, founder, and other shareholder in the group. Mr Joseph said:
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HMV's gift to angry customers
Following outrage from customers, the administrators running HMV have announced they will honour gift vouchers for the high-street chain.
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Inconsistency in failing firms redeeming gift vouchers
HMV is not honouring its gift vouchers, leading to an uncertainty that is threatening to change the way Britain gives its gifts.
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HMV boss confident the brand can stay on the High Street
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.