It’s been a long, ugly ride watching the gradual disintegration of music retailer HMV, but finally the end might just be in sight. Earlier this week Deloitte apparently set a deadline of March 25th for the sale of HMV, with the chain’s quarterly rent bill fast approaching, as we looked to be entering endgame.
However, with much of the company having shifted to monthly rents, and Hilco rumoured to be the only serious bidder left, that deadline may well come and go without a sale. For god’s sake Hilco, just buy the bloody thing and put us all out of our misery!
Things may be moving more quickly for the HMV-owned chain Fopp. Four bidders are apparently battling it out for the nine nationwide stores…
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