Buyvia in Talks to Rescue Struggling Retailer HMV From Bankruptcy

We have drafted plans and we're during the talks about rescuing struggling HMV from bankruptcy.

The proposed plan would see buyvia saving a number of retail stores and leveraging its expertise to overhaul HMV's digital presence in order to make the modernized company more competitive in the contemporary market.

HMV's Ups And Downs

HMV opened its doors nearly 98 years ago with its first gramophone store in London, and expanded to Ireland, Canada, the United States, Australia, Singapore, and Hong Kong over the decades that followed.

Declining sales in the face of fierce competition turned the once leading retailer's fortunes around, however, with a 2013 stint in administration coinciding with all the closure of all of HMV Ireland's stores.

HMV's Financial Struggle

Turnaround specialist Hilco Capital took a controlling stake in HMV and sought to streamline th...