16 Scottish HMV stores have been ‘saved’ as new owner Hilco, which already owns HMV Canada, acquired a total of 132 HMV shops across the UK as well as all nine branches of the Fopp chain.
The deal, believed to be worth something in the region of £50M, could save 2,500 jobs.
13 Scottish stores plus three Fopps will now remain open, including some previously earmarked for closure, in Aberdeen, Ayr, Dundee, East Kilbride, Inverness and Stirling. The Livingston branch will also remain open, despite being omitted from some lists circulating at the time of the announcement. Three stores in Edinburgh including Princes Street and St James Centre, which were also set to close, and another three in Glasgow, including Buchanan and Argyle Street, have also been saved – as well as three Fopps (Edinburgh’s Rose Street branch plus those on Glasgow Union St and Byres Rd).
However, the stores in Dumfries, Falkirk and Kirkcaldy, as well as the Glasgow Sauchiehall Street and Braehead branches and the capital’s St James and Gyle shops apparently have no future under the new regime.