Mansfield’s HMV store saved

TEN staff members at Mansfield’s HMV store can breathe of relief as it was confirmed today that the Four Seasons shop will stay open.

It was earmarked for closure in February but has been saved following the sale of HMV’s UK retail business to restructuring specialists Hilco UK.

One-hundred-and-forty-one of HMV’s stores and the group’s head office and distribution functions are transferred into the new ownership securing 2,643 jobs.

Nick Edwards, Deloitte Joint Administrator, said: “We are delighted to have completed the sale of HMV’s UK retail business to Hilco UK.

“The sale of the restructured portfolio secures the employment of 2,643 staff, saves one of the world’s most iconic retail brands and provides a solid financial footing on which the business can be taken forward.

“We wish the Hilco UK and HMV teams every success with the business.

“I would like to thank all those stakeholders that have worked with us during the administration, but in particular the staff, suppliers and landlords for their support in making this deal possible.”

HMV operated 222 stores and 81 of these have closed.