Sunderland HMV safe as list of store closures announced
The full list of HMV closures has been announced after the company was bought out of administration.
The company has been acquired out of administration by Canadian retailer Sunrise Records, safeguarding the future of nearly 1,500 staff.
Sunrise, which is owned by Doug Putman, beat off competition from the likes of Mike Ashley for the stricken retailer and will acquire 100 stores across the UK.
However, 27 unprofitable stores will close with immediate effect, resulting in 455 redundancies. Administrator KPMG will retain a further 122 employees at warehouse functions to assist in winding down operations.
A list of the stores set to close has now been announced:
Fopp Glasgow Byres
Oxford Street, London
Plymouth Drake Circus