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HMV considering acquiring the flagship Megastore, possibly

By | Published on Monday 19 October 2009

HMV is rumoured to be considering taking over the old Oxford Street home of the Virgin Megastore, next to Tottenham Court Road tube station. According to Retail Week, the former Virgin/Zavvi site, currently occupied on a temporary basis by fashion retailer Hyper Hyper, is scheduled for renovation. They say that both HMV and fashion chain H&M are interested in the site, possibly taking a chunk of the store each.

Whether that would be instead of one of HMV’s two existing Oxford Street outlets isn’t clear. In fact they are being rather vague about the rumours, neither confirming nor denying. When asked for a comment by both Billboard and Music Week they said that they are currently under taking a routine review of their London property, and that that has probably resulted in the rumours.