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Two years ago, British high-street retailer HMV was staring bankruptcy in the face. It was subsequently picked up by administration specialist Hilco, which immediately set about reversing the company's fortunes. As a result of cost-cutting measures, HMV was forced to sell its iconic Oxford Street ...

3 months ago 0 Comments
January 16, 2015 at 10:17AM
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Restructuring firm Hilco announced its procurement of UK high street retailer HMV from administrators Deloitte. Following protracted negotiations across the last few months, Hilco finalized the acquisition this morning, and in doing so ensured 25 stores previously earmarked for closure are to remai...

2 years ago 0 Comments
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Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK sto...

2 years ago 0 Comments
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The deluge of bad news isn't over for UK retailer HMV, with 37 more stores confirmed to be closing in addition to the 66 announced earlier this month. These further closures are resulting in 464 lost jobs, making a post-administrative total of at least 1,454 layoffs. HMV, one of the UK's most promi...

2 years ago 0 Comments
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HMV, a multimedia chain and one of the UK's top high street game retailers, is closing 66 of its 220 stores, with 930 employees losing their jobs as a result. Deloitte, the company's administrators, said the closures should occur within the next one to two months. "This step has been taken in order...

2 years ago 0 Comments
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Business restructuring company Hilco is set to acquire HMV after reportedly taking control of the struggling British retailer's debt . According to the Financial Times, people familiar with the situation report Hilco took on the debt today, estimated three months ago to be around $279 million. If t...

2 years ago 0 Comments
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The first time we mentioned HMV on Engadget was back in 2009, when the British retailer discounted the PSP Go -- ironically, one of the earliest devices to do away with disc-shaped media. As the picture above shows though, HMV's history goes back much further than that. Its first store opened in 1...

2 years ago 0 Comments
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Update: HMV confirmed it's filing notice to appoint Deloitte as administrators to the company. As the BBC reports, HMV is suspending trading on the London Stock Exchange from Tuesday, January 15. HMV's 239 stores across the UK and Republic of Ireland are to remain open while Deloitte seeks a purcha...

2 years ago 0 Comments
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In the old days, we used to just toss our cash upward into the wind, wait 3-5 business days, then find a game waiting on our doorstep. Today, retailers compete for your gaming dollars with pre-order incentives, and Halo 4 is the latest to play into that retail shuffle. Depending on the retailer you...

2 years ago 0 Comments
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Two major UK video-game retailers, HMV and Game, saw a drop in sales over Christmas, prompting HMV to reconsider its investment in games as a whole, The Telegraph reports. HMV's gaming market share fell 16 percent over the holidays, while sales in music and DVDs saw no change; games now account f...

3 years ago 0 Comments
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A report in tabloid The Sun of the 3DS making headaches in "thousands" of users is just plain untrue according to Nintendo, HMV and GAME, the three entities the paper mentions. Nintendo said returns are "well below" other hardware launches and GAME says less than five people have complained that ...

4 years ago 0 Comments
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Retailer HMV has listed descriptions for three of the minigames in Nintendo's upcoming Wii Party. It turns out that when Iwata said the "Living Party" mode involved "unique game play only available with the Wii Remote," it was referring to the Wiimote's ability to generate sounds. These three miniga...

4 years ago 0 Comments
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Square Enix, apparently, is all about the cosplay. Just today, the publisher announced that it'll be rewarding the first 50 people dressed in "Final Fantasy costumes" who arrive at the March 9 launch event for Final Fantasy XIII with a free copy of the game's soundtrack. Oh, and also, Square Enix p...

5 years ago 0 Comments