As reported by Telegraph:
HMV collapsed into administration in January and more than 100 stores are set to be closed.
Restructuring specialist Hilco has bought HMV’s debt and is in pole position to acquire the retailer, however, Asda could now launch a late bid to try to take control of HMV.
Asda is understood to have held talks with Deloitte, the administrators to HMV, about a deal and is interested in buying the brand and business, rather than simply converting the stores into convenience food shops.
When HMV collapsed into administration, the company had 223 UK sites and employed 4,123 staff. However, Deloitte is closing more than 100 locations and plans to leave the retailer with a “residual portfolio” of 116 stores.
The 92-year-old music chain fell into administration in January after seeing its sales eroded by competition from online music retailers, digital downloads and supermarkets.
