HMV considering Waterstone's sell-off

Struggling retailer HMV could put its book store chain Waterstone's up for sale as part of turnaround plans to be revealed to its banks this week, it has been reported.

HMV Group, which also owns the music and entertainment chain, is considering the sale after being told by lenders that it needs to raise £75m (€85.9m) in return for a relaxation of its lending covenants, said the Sunday Times.