United Kingdom
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Cultural And Recreation Goods In Specialised Stores
47.63 - Retail sale of music and video recordings in specialised stores

455 jobs
Number of planned job losses
Job loss
Announcement Date
5 February 2019
Employment effect (start)
Foreseen end date


High street music store HMV has been bought out of administration in a deal which will secure the future of 1,487 jobs. The future of the company had been uncertain after administrators were called in, in December 2018, for the second time in six years. The deal to sell the brand to Canadian firm Sunrise Records means that 100 stores will continue to trade. Twenty seven stores, including the company's flagship store in London's Oxford Street, are not part of the deal and will close. The closures will result in the loss of 455 jobs. The timeframe for these closures has not been reported.



Eurofound (2019), HMV, Merger/Acquisition in United Kingdom, factsheet number 96691, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96691.