HMV in Meadowhall among 27 stores to close following takeover deal

A HMV store in Sheffield’s Meadowhall has been named as one of the 27 that will not be bought out of administration as part of the takeover deal by Canadian firm Sunrise Records.

HMV went in administration just after Christmas, blaming tough conditions on UK high streets and competition from streaming sites such as Netflix and Spotify.

Sunrise Records chief executive Doug Putman has struck a deal to purchase 100 HMV stores out of administration, securing 1,487 jobs. As part of the deal, however, 27 stores will close with the loss of 455 jobs.

In a statement announcing the deal, Putman said: “We are delighted to acquire the most iconic music and entertainment business in the UK and add nearly 1,500 employees to our growing team.

“By catering to music and entertainment lovers, we are incredibly excited about the opportunity to engage customers with a diverse range of physical format content, and replicate our success in Canada.

“We know the physical media business is here to stay and we greatly appreciate all the support from the suppliers, landlords, employees and most importantly our customers.”

The full list of closures:

AYR

BATH

BLUEWATER

BRISTOL Cribbs

CHICHESTER

EXETER Princesshay

FOPP BRISTOL

FOPP GLASGOW Byres

FOPP MANCHESTER

FOPP OXFORD

GLASGOW Braehead

GUERNSEY

HEREFORD

MANCHESTER Trafford

MERRY HILL

OXFORD STREET

PETERBOROUGH Queensgate

PLYMOUTH Drake Circus

READING

SHEFFIELD Meadowhall

SOUTHPORT

THURROCK

TUNBRIDGE WELLS

UXBRIDGE

WATFORD

WESTFIELD LONDON

WIMBLEDON