Tuesday 5 February 2019

Canada's Sunrise Records to buy failing HMV

LONDON (AP) - Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs.

However administrator KPMG says 27 stores will close immediately, resulting in a loss of 455 jobs.

The move comes amid extreme pressure on physical retailers as ...
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