HMV Group http://www.globalpost.com/taxonomy/term/25904/all en Apollo Global not planning HMV takeover-source http://www.globalpost.com/dispatch/news/thomson-reuters/130114/apollo-global-not-planning-hmv-takeover-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 14 (Reuters) - U.S. private equity firm Apollo Global Management LLC is not planning a takeover of HMV after buying some of the struggling British entertainment retailer's debt, a source familiar with the situation told Reuters.</p> <p>HMV has struggled in declining music, DVD and games markets and in December warned that a poor start to vital Christmas trading meant a breach of its banking agreements was likely - a situation that would leave it at the hands of its lenders.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/apollo-global-not-planning-hmv-takeover-source" target="_blank">read more</a></p> Finance Financial economics HMV HMV Group Thomson Reuters Mon, 14 Jan 2013 16:45:33 +0000 5734237 at http://www.globalpost.com HMV confirms going into administration http://www.globalpost.com/dispatch/news/thomson-reuters/130114/hmv-confirms-going-administration <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 14 (Reuters) - British music and DVDs retailer HMV confirmed on Monday that it was calling in the administrators as talks over a deal to prevent an imminent covenant breach failed.</p> <p>"The board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection," the company said in a statement on Monday evening.</p> <p>Deloitte would be appointed as administrators and the business would continue to trade while a purchaser was sought, it said.</p> HMV Group Thomson Reuters Mon, 14 Jan 2013 22:15:46 +0000 5734433 at http://www.globalpost.com UPDATE 2-Music over for HMV as retailer calls in administrators http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-2-music-over-hmv-retailer-calls-administrators <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Neil Maidment and Rosalba O'Brien</p> <p>LONDON, Jan 14 (Reuters) - Music and DVD retailer HMV said it was calling in the administrators after a last-ditch attempt to secure funding failed, bringing the curtain down on one of Britain's best-known high street retail stores.</p> <p>The accounting firm Deloitte has been named as the administrator and intends to keep the business running while it seeks a potential buyer, HMV said in a statement late on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-2-music-over-hmv-retailer-calls-administrators" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment HMV HMV Group Zavvi Entertainment Group Ltd Thomson Reuters Mon, 14 Jan 2013 21:45:19 +0000 5734403 at http://www.globalpost.com HMV's future seen limited to flagship stores and internet http://www.globalpost.com/dispatch/news/thomson-reuters/130115/hmvs-future-seen-limited-flagship-stores-and-internet <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Neil Maidment and Kate Holton</p> <p>LONDON, Jan 15 (Reuters) - HMV, the long-established music retailer seeking protection from its creditors, is unlikely to have a future beyond a rump of stores and the internet, if other recent British retail failures are any guide.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/hmvs-future-seen-limited-flagship-stores-and-internet" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment HMV HMV Group Technicolor SA Technology Thomson Reuters Tue, 15 Jan 2013 12:45:55 +0000 5734665 at http://www.globalpost.com HMV CEO says confident firm will survive http://www.globalpost.com/dispatch/news/thomson-reuters/130115/hmv-ceo-says-confident-firm-will-survive <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 15 (Reuters) - The boss of British music retailer HMV, which is seeking protection from its creditors, said he was sure an administration process would result in the survival of the 92-year old firm in some form.</p> <p>"I'm confident that we will find a solution," Chief Executive Trevor Moore told reporters on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/hmv-ceo-says-confident-firm-will-survive" target="_blank">read more</a></p> HMV Group Thomson Reuters Tue, 15 Jan 2013 13:15:03 +0000 5734687 at http://www.globalpost.com UPDATE 2-HMV's future seen as handful of stores and website http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-2-hmvs-future-seen-handful-stores-and-website <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Deloitte appointed administrator, 4,123 jobs at risk</p> <p>* HMV will continue to trade while Deloitte seeks buyer</p> <p>* CEO says confident HMV will survive, has "a plan in mind"</p> <p>* Analysts see brand surviving but expect store closures</p> <p>By Neil Maidment and James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/update-2-hmvs-future-seen-handful-stores-and-website" target="_blank">read more</a></p> Business Economy of the United Kingdom Entertainment HMV Canada HMV Group Politics Technology United Kingdom Thomson Reuters Tue, 15 Jan 2013 15:30:30 +0000 5734776 at http://www.globalpost.com UPDATE 1-HMV shuts Irish stores after receiver appointed http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-1-hmv-shuts-irish-stores-after-receiver-appointed <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Over 200 British stores remain open as Irish doors closed</p> <p>* Staff hold sit-ins in two stores as they wait on wages</p> <p>DUBLIN, Jan 16 (Reuters) - Music and video retailer HMV closed its 16 Irish stores on Wednesday after a receiver was appointed to assess their viability, a day after the company sought protection from creditors in Britain.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/update-1-hmv-shuts-irish-stores-after-receiver-appointed" target="_blank">read more</a></p> Business Economy of the United Kingdom HMV Group Thomson Reuters Wed, 16 Jan 2013 22:00:05 +0000 5735316 at http://www.globalpost.com Game Group interested in buying HMV stores - report http://www.globalpost.com/dispatch/news/thomson-reuters/130117/game-group-interested-buying-hmv-stores-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 17 (Reuters) - Video games seller Game Group has approached the administrators of HMV about acquiring some of the collapsed music retailer's stores, Game's boss told the Financial Times.</p> <p>Martyn Gibbs, the CEO of Game, which itself was bought out of administration by investment firm OpCapita last year, said Game had approached HMV's administrators Deloitte regarding an interest in an unspecified number of stores.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/game-group-interested-buying-hmv-stores-report" target="_blank">read more</a></p> Economy of the United Kingdom HMV Group Technology Thomson Reuters Thu, 17 Jan 2013 21:30:20 +0000 5735842 at http://www.globalpost.com Hilco frontrunner for HMV, music and film industry keen -reports http://www.globalpost.com/dispatch/news/thomson-reuters/130120/hilco-frontrunner-hmv-music-and-film-industry-keen-reports <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Over 50 expressions of interest received in HMV - source</p> <p>* Music and film industry preparing rescue package - paper</p> <p>* 'Good level of interest' in rental firm Blockbuster - source</p> <p>LONDON, Jan 20 (Reuters) - Restructuring specialist Hilco is the frontrunner in the battle to save music retailer HMV from administration, British media reported on Sunday.</p> <p>Hilco, which bought HMV Canada in 2011 and salvaged home goods firm Habitat, is favoured by an industry consortium, said the Sunday Times.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130120/hilco-frontrunner-hmv-music-and-film-industry-keen-reports" target="_blank">read more</a></p> Blockbuster LLC Business HMV Group Thomson Reuters Sun, 20 Jan 2013 16:30:42 +0000 5736910 at http://www.globalpost.com Hilco tightens grip on HMV with debt purchase - sources http://www.globalpost.com/dispatch/news/thomson-reuters/130122/hilco-tightens-grip-hmv-debt-purchase-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 22 (Reuters) - Restructuring specialist Hilco has bought the debt of HMV, according to sources close to the situation, giving it a big influence in the fate of the British entertainment retailer which fell into administration last week.</p> <p>Hilco, which bought HMV Canada in 2011 and salvaged home goods firm Habitat, has bought the debt from HMV's lenders Royal Bank of Scotland and Lloyds, the sources said on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/hilco-tightens-grip-hmv-debt-purchase-sources" target="_blank">read more</a></p> Habitat HMV Canada HMV Group Politics Technology Thomson Reuters Tue, 22 Jan 2013 13:30:38 +0000 5737727 at http://www.globalpost.com UPDATE 2-Hilco tightens grip on HMV with debt purchase http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-hilco-tightens-grip-hmv-debt-purchase <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Jan 22 (Reuters) - British entertainment retailer HMV's debt has been bought by Hilco, giving the restructuring specialist a big say in the fate of the 92-year-old group which sought protection from creditors last week.</p> <p>"Hilco UK confirms that it has acquired HMV's debt from the group's lenders. It has not bought the business itself," Hilco said on its website on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-hilco-tightens-grip-hmv-debt-purchase" target="_blank">read more</a></p> Habitat Hilco UK HMV HMV Group Politics Technology Thomson Reuters Tue, 22 Jan 2013 18:15:47 +0000 5737887 at http://www.globalpost.com Staff 'live-tweet' sackings at British retailer HMV http://www.globalpost.com/dispatch/news/afp/130131/staff-live-tweet-sackings-at-british-retailer-hmv <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Staff at collapsed British music retailer HMV hijacked the company's official Twitter account on Thursday to warn they were being sacked en masse.</p> <p>The tweets were swiftly deleted but within minutes, administrators Deloitte confirmed 190 redundancies had been made across HMV's head office and distribution network as a "necessary step in restructuring the business".</p> <p>On the official @HMVtweets account, the outgoing staff in the human resources (HR) department began with a strangely upbeat message reading: "We're tweeting live from HR where we're all being fired! Exciting!!"</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130131/staff-live-tweet-sackings-at-british-retailer-hmv" target="_blank">read more</a></p> Business HMV Group Labor Law Religion World Wide Web AFP Thu, 31 Jan 2013 16:30:58 +0000 5741855 at http://www.globalpost.com British music chain HMV to shut 66 stores: administrators http://www.globalpost.com/dispatch/news/afp/130207/british-music-chain-hmv-shut-66-stores-administrators <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Collapsed British music retailer HMV will close 66 of its stores over the next two months in a move that will axe nearly 1,000 jobs, administrators Deloitte announced on Thursday.</p> <p>"The joint administrators of HMV today confirm that 66 of the group's stores have been identified for closure," Deloitte said in a statement.</p> <p>"The affected stores employ 930 staff. No fixed date is set for the closure of these stores which will continue to trade in the meantime.</p> <p>"However, it is expected that closures will take place over the next one to two months."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130207/british-music-chain-hmv-shut-66-stores-administrators" target="_blank">read more</a></p> Economy of the United Kingdom HMV Canada HMV Group United Kingdom AFP Thu, 07 Feb 2013 15:45:49 +0000 5748996 at http://www.globalpost.com British fashion retailer Republic in administration http://www.globalpost.com/dispatch/news/afp/130213/british-fashion-retailer-republic-administration <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British clothing retailer Republic has collapsed into administration, putting places about 2,500 jobs at risk, administrators Ernst &amp; Young announced on Wednesday.</p> <p>Ernst &amp; Young said in a statement that it will manage the business, which is based in Leeds in northern England, while it seeks to attract a possible buyer.</p> <p>The chain's 121 stores will meanwhile continue to trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/british-fashion-retailer-republic-administration" target="_blank">read more</a></p> HMV Group AFP Wed, 13 Feb 2013 13:30:57 +0000 5754317 at http://www.globalpost.com BRIEF-Administrators to close another 37 HMV stores http://www.globalpost.com/dispatch/news/thomson-reuters/130220/brief-administrators-close-another-37-hmv-stores <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 20 (Reuters) - HMV Group PLC : * Administrators of HMV say a further 37 stores identified for closure.</p> <p>those stores employ 464 staff</p> Economy of the United Kingdom HMV Group Thomson Reuters Wed, 20 Feb 2013 12:30:32 +0000 5760982 at http://www.globalpost.com