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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...

1 year ago 0 Comments
April 5, 2013 at 7:00AM
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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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After filing for Chapter 11 bankruptcy (again) in December of last year, Polaroid may have just made its last shakeable memory. Today, the Federal Bankruptcy court for the district of Minnesota has approved a motion for "substantially all the assets of Polaroid, including the Polaroid brand, intel...

5 years ago 0 Comments