Asda eyes HMV - Report

"They've been looking at taking on the brand"

The latest rumours in the retail world suggest that supermarket chain Asda could be ready to swoop in and snap up entertainment retail chain HMV

The Sun reports that the supermarket chain is currently in talk with administrators Deloitte about a possible deal.

"Asda has been looking at HMV and it's not about taking on a few stores to convert into supermarkets. They've been looking at taking on the brand - the business," a source told the paper.

At the beginning of this month the paper reported that retail group Hilco was interested in 130 HMV stores, suggesting the supermarket chain has competition for the deal.

HMV is facing a number of rent bills from landlords at the end of this month, so the race is on to settle its affairs before then.

So far 103 of the chain's 219 shops have been marked for closure.

Related stories

HMV Oxford Street store to close

Relocating to smaller premises, says Hilco

By Rachel Weber

Supermarket Asda no longer stocking Wii U

"Asda will stock games on a title by title merit basis through Asda Direct"

By Rachel Weber

Latest comments

Sign in to contribute

Need an account? Register now.