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Business News Deals HMV Timeline Retail
Morrisons buys six HMV shops
By Chris Cooke | Published on Wednesday 27 February 2013
Supermarket chain Morrisons has bought six of HMV’s stores, according to City AM.
Morrisons has been mooted as a possible buyer of some of the flagging entertainment retailer’s shops ever since the HMV Group went into administration last month, it looking to expand its convenience store brand M Local, a rather late in the day competitor to Tesco Express and Sainsbury’s Local. Morrisons has also reportedly acquired 49 former Blockbuster stores for the same purpose.
As previously reported, administrator Deloitte has confirmed that 103 of HMV’s UK stores, plus all its Irish shops, will close as it and preferred bidders Hilco work out how to rescue the entertainment retail firm.
