HMV photograph

HMV

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HeadquartersBirmingham
United Kingdom
Number of locations21 May 2019
Owners Doug Putman
CeoIan Topping
FoundedLondon
United Kingdom
Subsidiaries Fopp
HMV North America
HMV Europe
Fopp Entertainments Ltd.
HMV Guernsey Limited
HMV (IP) Limited
Date of Reg.
Date of Upd.
ID1095494
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About HMV


HMV is a UK-based music and film retailer. The first HMV-branded store was opened by the Gramophone Company on Oxford Street in 1921, and the HMV name was also used for television and radio sets manufactured from the 1930s onwards.

HMV faces the music in Christmas crunch test

HMV faces the music in Christmas crunch test
Feb 16,2020 8:59 am

...Doug Putman believes in keeping Hmv s core customers happy Since Doug Putman rescued UK music retailer Hmv in February, he has thrown himself wholeheartedly into running a transatlantic retail empire...

News Daily: British EU exit hits speaks note positive and the Cambridge 'Stormzy-effect

News Daily: British EU exit hits speaks note positive and the Cambridge 'Stormzy-effect
Feb 16,2020 7:03 am

... Can the world s largest Hmv work in the digital age? Sophie Madden, BBC NewsSpanning 25,000 sq ft on a land - almost the size of 12 tennis courts - Hmv vaults in Birmingham, a nirvana for music-and movie-fans , with special rooms for vinyl, CDs, and DVDs, as well as a performance area for the bands on stage...

HMV Birmingham: Can load a plate to work in the digital age?

HMV Birmingham: Can load a plate to work in the digital age?
Feb 16,2020 7:02 am

...Hmv said the new owner, Doug Putman, he wanted to simplify the offering to its customers The world s largest Hmv store has opened its doors to buyers announced only a few months after the chain, dozens of branch closures...

Headlines: 'Irish eyes are smiling after Brexit talks

Headlines: 'Irish eyes are smiling after Brexit talks
Feb 16,2020 7:02 am

... Finally, the Guardian has an interview with the Canadian man who saved the music chain Hmv to open Europe s biggest record shop in Birmingham today...

Fopp: The rise and fall of a music store empire

Fopp: The rise and fall of a music store empire
Feb 16,2020 2:46 am

... But its doors have been closed for good after the chain s owner, Hmv, was bought by Canadian firm Sunrise Records...

HMV: Canada record shop boss 'enters race'

HMV: Canada record shop boss 'enters race'
Feb 16,2020 2:40 am

...The race to buy collapsed music chain Hmv has a new front-runner after a surprise intervention from a Canadian entrepreneur, media reports say...

HMV: Canada record shop boss 'enters race'

Feb 16,2020 2:40 am

The race to buy collapsed music chain Hmv has a new front-runner after a surprise intervention from a Canadian entrepreneur, media reports say.

The latest rescue bid is said to come from businessman Doug Putman , owner of Canada's Sunrise Records stores.

The Move pits him against Sports Direct founder Mike Ashley , who has also placed a bid.

, its second administration in Six Years , risking 2,200 jobs at 125 stores.

Those stores are continuing to trade while negotiations are held with major suppliers and bids are considered.

The reports of Mr Putman's interest first surfaced in on Saturday. Administrators KPMG declined to comment.

Hmv 's Croydon branch closed down last month because of redevelopment

Mr Putman previously bought Hmv 's Canadian business in 2017, expanding his small chain into a national operation with 80 outlets.

His bid would secure The Future of up to 90 of Hmv 's 130 UK stores, reports said.

However, Music Week suggested that the Hmv brand could disappear and be replaced by Sunrise's if Mr Putman's bid was successful.

The Paper said that although Hmv Retail was in administration, Hmv Brands, which controls the rights to the name, was not.

KPMG confirmed that Hmv Brands was not in administration, but declined to comment further.

Until Now , Mr Ashley had been the likely favourite to take over The Music retailer.

As the owner of More Than 60% of Sports Direct, he has bought retailers including the House of Fraser Department Store chain and Evans Cycles .

His company also owns stakes in French Connection and Debenhams.

Hmv owner Hilco, which took The Company out of its first administration in 2013, has blamed a "tsunami" of retail challenges for the latest collapse.

These include business rate levels and the increasing use of streaming services to deliver music and movies.

Hmv sold 31% of all physical music in the UK in 2018 and 23% of all DVDs, with its market share growing month by month throughout the Year .

However, The Music industry expects physical entertainment sales to shrink by another 17% this Year .



hmv, retailing, companies

Source of news: bbc.com

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