Horsham HMV among stores transferred to new ownership

JPCT 15-01-13 S13030218X HMV, West Street, Horsham -photo by Steve Cobb
JPCT 15-01-13 S13030218X HMV, West Street, Horsham -photo by Steve Cobb
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Music chain HMV has been bought, safeguarding the future of its Horsham store in West Street.

The company fell into administration in January, but administrators Deloitte announced today it had been bought by restructuring specialists Hilco UK.

The Horsham store is one of 141 in the UK that has been transferred into the new ownership.

Joint administrator Nick Edwards said: “We are delighted to have completed the sale of HMV’s UK retail business to Hilco UK.

“The sale of the restructured portfolio secures the employment of 2,643 staff, saves one of the world’s most iconic retail brands and provides a solid financial footing on which the business can be taken forward. We wish the Hilco UK and HMV teams every success with the business.

“I would like to thank all those stakeholders that have worked with us during the administration, but in particular the staff, suppliers and landlords for their support in making this deal possible.”

Stores in Crawley, Chichester and Worthing were also included in the deal.