Firm "going back to its roots..."

HMV are set to re-open their flagship store on London’s Oxford Street.

Collapsing earlier this year, the demise of HMV was a body blow to music on the high street. Leaving behind a debt of more than £150 million, re-structuring firm Hilco took board the mammoth task of resurrecting HMV.

The past few months have been quiet, with the firm no doubt sifting through gargantuan amounts of financial figures.

Yesterday (August 7th) though, Hilco were able to deliver a piece of good news. HMV’s flagship store on London’s Oxford Street will be re-opened later this year.

Speaking to Retail Week, Hilco boss Paul McGowan said: “We are thrilled to be returning HMV to its original home at 363 Oxford Street and this reflects HMV’s renewed focus on going back to its roots and getting the basics right, providing the deepest range of entertainment products.” (via NME)

When news of HMV’s demise broke Clash writer Samuel Breen looked back on his own experiences in music retail, offering a personal view on recent events. A prescient and precise article, you can find it HERE.


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