HMV deal offers ray of light over jobs at stores
The future of dozens of jobs at two HMV stores in Leicestershire looks more positive after a company specialising in turning around ailing businesses took control of the stricken music chain.
The entertainment group went into administration last week.
The company employs more than 4,000 staff across 223 stores, including dozens at branches in Leicester and Loughborough.
According to reports, Hilco has bought the stricken retailer's £176 million of debt from its banks.
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Experts said the move would give the company some stability as administrators looked at ways of securing its future.
They said the move suggested Hilco believed the chain had a future on the high street.
Hilco and HMV's administrators Deloitte would not comment on the reports last night.
Another boost for shoppers came when HMV stores began accepting vouchers yesterday.
Reports have suggested film makers and music companies such as Warner Music and Sony are interested in rescuing HMV.