Hilco-Backed HMV Canada Thriving – Report

Since its takeover by restructuring and special situations firm Hilco UK, Ltd.HMV Canada, Inc., a retailer of music, DVDs, Blu-ray, headphones and other products, has shown continued life and even growth, says a report by The Canadian Press. HMV Canada’s situation was contrasted with the recent demise of former British parent HMV Group PLC, which sold the Canadian subsidiary to Hilco in 2011. At the time of the company’s acquisition, priced at C$3.2 million, Hilco said it would invest a further C$25 million in working capital.

More information about HMV Canada can be found on its website.

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