Hilco

HMV on the verge of £50m rescue deal with Hilco

Sky News has revealed that HMV, the British music and video retail chain, is on the verge of being rescued in a £50m deal that will preserve 2,500 jobs. Hilco UK, which has been operating in Europe for over 10 years, was founded out of a partnership between UK Management and the Hilco Group in the US, the global leader in distressed retail investment and advisory services. Hilco also already...