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January 22, 2013 12:31 pm EST
Original Link: http://www.engadget.com/2013/01/22/hmv-hilco-control/
HMV Canada owner takes control of HMV UK in attempt to rescue troubled chain
HMV's 91-year long tenure on the British high street might not be coming to an end after all, as HMV Canada's owner has mounted a rescue attempt. The rescuer in this instance is Hilco, which previously picked up Polaroid's brand and paired it with famous insolvency specialist Lady Gaga. BBC News is reporting that Hilco scored a cut-price rate on the £176 million ($278.8 million) corporate debt and has already received cheering words from the film and music industry. After a bout of uncertainty, HMV has also said it'll once again accept gift cards in its stores.
[Image credit: London Express / Getty Images]
Filed under: Misc
Original Link: http://www.engadget.com/2013/01/22/hmv-hilco-control/
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Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget