A Canadian entrepreneur has made a dramatic late entrance in the race to buy HMV — a move that threatens to derail Mike Ashley’s latest high street raid.
Putman is said to be holding talks with HMV’s administrators and suppliers over a deal to buy the music and games retailer out of administration. If Putman succeeds, it would be the second such deal he has pulled off, having snapped up 70 stores from HMV Canada when it collapsed two years ago, transforming his small Sunrise Records chain into a national concern.
HMV collapsed for a second time in December because of tough high street trading conditions and the popularity of streaming services such as Spotify. The business has been controlled by the vulture fund Hilco since its first collapse six years ago.
The Sunday Times also has a long read about how the collapse of HMV has seen the once loyal Sports Direct founder and Arcadia boss, Philip Green, fall out.
Click here for the full Times article (£)
Click here for the full Telegraph article
Click here for the full Guardian article
