Sunrise Records has completed its acquisition of Trans World Entertainment assets, including the FYE chain, which gives the Canadian-based chain that also owns HMV about 400 outlets in North America and the U.K. While the agreement calls for Sunrise to pay Trans World $10 million for the assets, it also applies a formula that could […]
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UK music retailer HMV sold to Canada’s Sunrise Records
HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said on Tuesday. Sunrise Records CEO Doug Putman said he was delighted to acquire “the most iconic music and entertainment business in the UK”, […]