ATTEMPTS to salvage music chain HMV will continue this week as attention turns to the prospect of a new stock deal with suppliers.
Restructuring firm Hilco, which recently bought the company’s debt, is reportedly set to open negotiations with global entertainment firms and the chain’s landlords as soon as this week.
HMV employs more than 100 people in Liverpool One, Speke, Southport, St Helens, Birkenhead and Warrington. According to reports, Hilco wants to rescue about half of the 223 stores in the UK as it looks to repeat the strategy that has seen it turn around HMV’s Canadian arm, which it bought in 2011.
Music firms such as Universal, Warner and Sony are keen to see HMV survive, as it provides an alternative to online retailers.
They are understood to be considering a deal that would allow HMV to buy CDs and DVDs in instalments.