An overall rent of €100,000 a year is sought for the ground and first floors of “the best pitch in Douglas.”

DVD sales and rentals of ‘Mrs Brown’s Boys D’Movie’ are largely driving profits at the newly combind Xtravision/HMV business this year, the company has said.

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

Over €300,000 in fees and expenses have been paid to the receiver of HMV Ireland since the Irish arm of the retail music giant went out of business eight months ago.

HMV will be honouring valid vouchers and gift cards when it reopens next week.

Twenty-six new HMV stores are to open around the country as specialist ‘shop-in-shop’ projects within Xtra-vision outlets in the coming months.

Four HMV stores, three of which are in Dublin, will reopen by the end of the first week in September.

The future of film rental company Xtra-vision has been secured with British commercial restructuring firm Hilco Capital buying it from receivership for an undisclosed sum.

HMV is to reopen at least four shops creating 100 jobs according to recruitment agency Excel which is looking for staff in Dublin and Limerick.

A leading retail lobby group is casting doubt over hopes that HMV will re-open some of its Irish stores.

HMV UK has been saved, after restructuring firm Hilco confirmed a buyout of 141 shops from administrators.

One of HMV's Irish outlets could be thrown a lifeline under a new deal being proposed in the UK.

Another 464 jobs face the axe at failed music chain HMV after administrators announced the closure of a further 37 stores in the UK.

High rents as well as online competition have been blamed for the collapse of HMV in Ireland.

HMV boss Trevor Moore today became the latest casualty of another swathe of redundancies at the failed music chain.

HMV’s administrators are to close 66 UK shops at the music chain in a move set to cost nearly 1,000 jobs.

Around 200 jobs were secured today after UK HMV’s administrators offloaded the retail group’s last remaining music and entertainment venues.

Staff at collapsed music and entertainment chain HMV used the company’s official Twitter account to announce their own “mass execution” as administrators axed nearly 190 jobs.

Attempts to salvage music chain HMV will continue this week as attention turns to the prospect of a new stock deal with suppliers.

Hopes over the future of collapsed music chain HMV were raised today after its debt was bought by the restructuring business behind HMV Canada.

HMV stores in Ireland will remain closed and will not honour gift vouchers despite them now being accepted in Britain.

As HMV staff await wages they have been promised, it has been reported that major media companies will offer support to any buyer willing to rescue the ailing retailer.

Music labels and film studios are reportedly planning to throw their weight behind a rescue deal for collapsed retailer HMV.

Retailer Game has confirmed it is among 50 potential suitors circling collapsed music entertainment chain HMV.

A buyer has been found for Irish fashion retailer, A-Wear, less than 24 hours after the company went into receivership.

Some 460 jobs in the fashion chain A|wear have been secured after a buyer for the group was found.

FASHION retailer, A-wear has been sold to retail restructuring experts Hilco for an undisclosed fee.

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

The future of up to 30 stores and 720 jobs was put at risk today after the UK side of retail brand Habitat went into administration.

Habitat is set to disappear from everywhere but London in a move threatening around 900 jobs in the UK.

Embattled retailer HMV Group said today that it had secured more time in its battle for survival, despite issuing a third profits warning this year.

The sale of bookseller Waterstone’s moved a step closer today when embattled HMV confirmed it was exploring options for the chain.

A quarter of Woolworths stores will close today as the end looms for the failed British retailer.

A quarter of Woolworths stores will close tomorrow as the end looms nearer for the failed British retailer.

The Woolworths brand could be thrown a lifeline in an 11th hour attempt to save 125 stores, it was reported today.

Woolworths will launch a closing-down sale tomorrow after administrators said they had so far failed to find a buyer for the ailing retailer.

Furniture retailer Land of Leather today said it was no longer in takeover talks after rejecting interest from a number of parties.

SHARES were suspended at the British retailer Woolworths yesterday as the century-old company frantically moved to avoid a collapse.

Emergency talks to save Woolworths from administration were expected to continue today as a revised rescue deal was drawn up, it was reported.

Efforts to rescue the stores arm of Woolworths in the UK are close to collapse after the retailer’s lenders refused to sign up to a deal, it was reported today.

British high street retailer Woolworths confirmed today it is in talks over the possible sale of its retail business.

Around 2,500 jobs are under threat at budget clothing chain MK One after the group was put into administration.

Troubled British department store chain Allders went into administration tonight, casting a shadow over more than 5,000 jobs.

A former boss of Allders is preparing a bid to save the ailing UK department stores group from administration, it was reported today.