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A giant HMV liquidation sale kicks off on Thursday in Wan Chai as the failed retailer’s liquidator tries to recover some cash to return to creditors. Wong Sun-keung of Vision AS, who is overseeing HMV’s liquidation, had originally planned to sell several…
The liquidator of collapsed music chain HMV has backed away from a retail sale of the company’s inventory. Liquidator Wong Sun-keung, a partner at accounting firm Vision AS, said the administrative costs of launching such a sale – especially the rent – would…
Two prospective saviors of the HMV Hong Kong business have walked away after it became clear they would be unlikely to be allowed to use the historic brand name. A liquidation sale may now be held for stock stored since the retailer entered provisional…
Canadian firm Sunrise Records has emerged as the buyer of collapsed music chain HMV, beating competition including Sports Direct owner Mike Ashley. The firm will buy 100 stores out of administration, securing 1,487 jobs. But 27 stores will close, resulting in…
The HMV Hong Kong business has collapsed, with the chain’s owner appointing liquidators. In a statement, HMV Digital China Group chairman Stephen Shiu Jnr said the company was “unable to escape from the crushing force of the wheel of history” as…
Gadget, movie and music retailer HMV may face eviction from several of its Hong Kong store locations in coming weeks as landlords seek to recover unpaid rents and charges. Separate lawsuits have been filed relating to HMV stores in Causeway Bay, Central and…
The reality of retail is shifting. Retailers now operate in an environment of big data, new technologies, blooming online marketplaces, hybrid consumption patterns and fragmented needs. Shoppers are more empowered and increasingly demanding when it comes to…
Hong Kong’s largest music and DVD retailer HMV quietly closed its iconic flagship store in Central last month in a move to lower rental costs, as the city faces its steepest retail downturn since the Asian Financial Crisis. The closure will be followed by the…
In Hong Kong, HMV is enjoying a renaissance. But HMV Singapore appears about to become extinct. The last surviving store bearing the brand in the city state will close on September 30 after the company decided not to renew its lease on the Marina Square…
