HMV sells Canada stores

Beleaguered retailer HMV took another step in its restructuring today by announcing a deal to sell its 121 stores in Canada.

HMV sells Canada stores
Mon, 27 Jun, 2011 - 09:25

Beleaguered retailer HMV took another step in its restructuring today by announcing a deal to sell its 121 stores in Canada.

The sale of HMV Canada to retail restructuring firm Hilco for £2m (€2.25m) follows the group’s recent agreement to offload Waterstone’s to Russian billionaire Alexander Mamut for £53m (€59.73m).

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