Dork Radio
Now playing:
In the mag...
Featuring Sigrid, Drenge, Sundara Karma, Indoor Pets and more.
Order a copy
March 2019
Good news!

100 HMV stores have been saved

The majority of the chain has been acquired by Doug Putman, owner of Canadian music chain Sunrise Records.
Sign up or log in to follow artists
Published: 10:04 am, February 05, 2019
100 HMV stores have been saved

HMV has been - in the most part - saved!

100 stores from the chain have been acquired by Doug Putman, owner of Canadian music chain Sunrise Records.

His bid beat a rival offer from Sports Direct and underfunding the transfer activity of Newcastle United's Mike Ashley, and a management buy out.

It's the second time Putman has stepped in to rescue HMV stores, after previously taking on a number of Canadian outlets to expand the Sunrise chain.

He'll keep 100 stores open under the HMV name, with four Fopps remaining. 27 stores were not acquired, and will close immediately with 455 redundancies.

“We spent the last little while trying to negotiate a deal that made sense for everybody," Putman told BBC Radio 4, "keeping as many stores open and as many people employed as possible. We’ve been able to come up with a great deal that allows 100 of the stores to continue on.”

“We can confirm we are going to keep HMV, it’s just a fantastic heritage brand coming up shortly to the 100 year anniversary. It’s just so iconic, I feel really lucky to be able to say that we can continue to call it HMV.”

Give all this a try

Sundara Karma have debuted another new track, 'Little Smart Houses'
Listen

Sundara Karma have debuted another new track, 'Little Smart Houses'

It's the latest taster to arrive from the band's forthcoming full-length 'Ulfilas’ Alphabet'.
Stormzy, George Ezra, Bastille and more are playing this year's TRNSMT
Festivals

Stormzy, George Ezra, Bastille and more are playing this year's TRNSMT

Catfish and the Bottlemen, Years & Years, The Wombats, The Amazons, Sigrid, Sam Fender, Sundara Karma and loads more are also set to appear.
Sigrid, Drenge, Sundara Karma and more - it's March's brand new Dork, out now!
New issue

Sigrid, Drenge, Sundara Karma and more - it's March's brand new Dork, out now!

There's also Indoor Pets, Stella Donnelly, Self Esteem, The 1975 and more.
Like this? Subscribe to Dork and get every issue delivered direct to your door anywhere on the planet.
CONTACT PRIVACY ADVERTISE

© 2018 The Bunker Publishing