The joint administrators of HMV have confirmed the sale of the businesses and assets to Sunrise Records & Entertainment Limited, whose shareholder is Doug Putman, owner of Sunrise Records in Canada.
At a hearing before a high court judge late this evening (28 December 2018), Will Wright, Neil Gostelow and David Pike from KPMG’s Restructuring practice were confirmed as joint administrators to HMV Retail Limited and HMV Ecommerce Limited, the entertainment retailer.
Two-fifths (41%) of consumer goods and retail (CG&R) sector respondents to Clifford Chance’s European M&A: On the road to recovery? survey consider Europe to be a potential growth market that offers attractive M&A opportunities. Over a third (37%) of them say they
The number of retailers falling into administration in the first half of 2013 fell by 30% to 87, compared with 124 in the same period last year, according to research by Deloitte, the business advisory firm. The outlook is showing
Blockbuster has been sold by joint administrators, Deloitte, to restructuring specialist, Gordon Brothers Europe, for an undisclosed sum. Under the terms of the deal 264 stores will be retained along with around 2,000 jobs. The brand will be licensed from
Mobile will evolve as the main platform for retailers over the next three years, according to Martin Gill, principal analyst in e-commerce and channel strategy at Forrester Research. Forrester reports 39% of UK mobile users now use their smart phone for
James Hall, associate at Charles Russell LLP, claims it is increasingly important for companies to have a comprehensive and up-to-date social media policy for employees Managing and controlling social media activity Social media has rapidly become a fact of life,
Retailer demand will continue to be driven primarily by the structural changes being brought about by the internet, while the sluggish economic outlook will dampen overall activity, according to the latest retail research by property firm, Knight Frank. Central London
Insolvencies affecting larger businesses have fallen by 7.6% in 2012 compared to 2011 but wholesale and retail sectors have recorded a rise in corporate failures, according to the latest set of figures from the Insolvency Service for England and Wales.
Analysis by The Local Data Company of Stead & Simpson, Jessops, Comet, HMV and Blockbuster stores shows over 1,400 stores are at risk of closure (or have closed) creating some big holes on the high street. Key findings: 45.6% of
Kantar Worldpanel claims £300m will be wiped off the UK home entertainment market if HMV disappears entirely from the high street. Craig Armer, consumer analyst at Kantar Worldpanel, said: ““If HMV were to close completely, we expect the entertainment market
Four retail specialists give Retail Times their views on why the high street music retailer, HMV, has become the latest in a succession of retailers to fall into trouble following a difficult trading period and the challenge from online stores,
Law firm Olswang reports its property team has been busy buying and selling shopping centres in cities across the north of England and has invested nearly half a billion pounds on behalf of its clients in the last 12 months.
Visa Europe is taking a 15% stake in Mobile Money Network (MMN), which provides mobile commerce and payments services for retailers. The investment is said to form part of Visa Europe’s strategy to deliver increased value for consumers, retailers and
In his regular column for Retail Times, Simon Chinn, lead consultant at retail research agency, Conlumino, reports on the seasonal opportunity for pop-up stores Throughout last year, QR codes – those little barcodes of black and white squares that you
Amazon has overtaken HMV to become the UK’s number one home entertainment retailer for the first time, according to new figures from Kantar Worldpanel for the 12 weeks to 25 December 2011. They show Amazon has grown its share of
Top UK retailers are failing to get the best results from email by neglecting techniques like social media bookmarking links, personalisation and post-sales marketing, according to an annual benchmarking study by digital marketing agency dotMailer. Boots and Asos topped the