Hopes raised for music shop chain

store: HMV in Preston

store: HMV in Preston

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Hopes have been raised for the future of an under threat music chain following a buy-out.

HMV, which has a large branch on Fishergate in Preston, announced last week that it was going into administration, placing uncertainty over thousands of jobs.

Restructuring business Hilco UK revealed yesterday that it had now taken on HMV’s debt from lenders Lloyds and Royal Bank of Scotland, in a move effectively giving it control of the chain.

 

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