This ad will be closed automatically in X seconds.

HMV bid deadline set for January 15

Several ‘expressions of interest’ received for entertainment retailer.

The fate of HMV could be decided this week, with the administrators having set a January 15 deadline for interested parties to lodge bids.

According to Sky News, KPMG – which was appointed by Hilco, the owner of the entertainment retail chain last month – has received expressions of interest from several credible parties.

The report added that KPMG is ‘working to secure a viable future’ for HMV.

However, some analysts remain sceptical that a binding offer to buy HMV outright will emerge, according to Sky News.

On the day it was appointed, KPMG stated that HMV had suffered from the ‘ongoing wave of digital disruption sweeping across the entertainment industry’, as well as the ongoing pressures faced by many high street retailers.

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter.

MORE NEWS
BambiSandersonH&M500x500
 
Aiming to fuse the modernity of colour and design with the legacy of Sanderson and Disney, H&M Home has revealed a new contemporary interpretation of Bambi....
HannahRedlerRetailMonster500x500
 
Retail Monster has started 2025 with a key new hire - welcoming Hannah Redler to its international team as vp brand licensing and retail development....
LoveHeartsEmmaB500x500
 
The range reimagines some of Love Hearts iconic messages such as ‘Love’, ‘Kiss’ and ‘Hug’ in Emma Bridgewater’s signature style on hand painted pottery and offers the option for personalisation....
TonyChambers500x500
 
The Walt Disney Company has named Tony Chambers as president, The Walt Disney Company EMEA, as it restructures how its entertainment businesses in the region function....
CastoreAlpine500x500
 
Manchester-based sports brand, Castore has secured a new partnership with the Alpine Formula 1 team....
Anne_Bradford
 
Difuzed, licensed lifestyle products supplier of some 20 years heritage, and Drew Pearson, accessories specialist established in 1985, have welcomed Anne Bradford in the newly created role of commercial director....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.