HMV and Xtra-vision business to make ‘substantial profits’ this year

The combined HMV and Xtra-vision business in Ireland is to make "substantial profits" this year.

That is according to Larry Howard, managing director of Hilco Capital Ireland, the company which purchased HMV from receiver Deloitte last year.

The turnaround specialists are now operating 107 stores under the Xtra-vision and HMV brands in Ireland, with Ballymena set to be the ninth standalone HMV store when it opens at the end of the month.