They are currently in negotiations with Irish landlords.
Restructuring specialists Hilco have agreed a £50 million deal with administrators Deloitte to takeover 141 of HMV’s 230 stores.
2,500 jobs will be safeguarded as a result.
Most importantly, Hilco say they’re “in negotiations with a number of landlords with a view to re-establishing an HMV business in the Republic of Ireland.”
More generally, Hilco Chief Executive Paul McGowan says: “We have spent a number of weeks negotiating revised terms with landlords and the key suppliers to the business, all of whom have been supportive of our plans to maintain an entertainment retailer on the high street. We hope to replicate some of the success we have had in the Canadian market with the HMV Canada business which we acquired almost two years ago and which is now trading strongly.
“The structural differences in the markets and the higher level of competition in the UK will prove additional challenges for the UK business but we believe it has a successful future ahead of it.”
Meanwhile it’s been revealed that the rent on HMV’s old 65/66 Grafton Street premises has been slashed from €1.7 million to €1 million a year in order to attract a new tenant.
Stay tuned to hotpress.com for updates.
HMV.ie goes live tomorrow, Wednesday November 6, at 3pm.
Read More
Hilco Capital has confirmed that following successful negotiations with landlords and suppliers, HMV is to re-open stores in Henry Street, Dublin; Liffey Valley; Dundrum and Limerick’s Crescent Shopping Centre.
Read More Jobs are now officially advertised on Excel Recruitment's website...
Read More Deloitte Ireland have just issued an official statement.
Read More
With thanks to Liam Sweeney, Graham Keogh & Ruth Medjber, we look back at HMV events through the years
Read More We take a look back at some of the history that's been created at HMV's Grafton Street store...
Read More
They began in Crescent Shopping Centre and Cruises Street last night.
Read More That's the view of the manager of the Limerick Crescent shop, where a sit-in is currently in progress.
Read More
Bosses are currently in the High Court seeking protection from its creditors...
Read More Artists and independent record stores offer their opinions on the closure.
Read More The expected move means that the Irish operation is now in administration.
Read More
Canadian Rock group top HMV's Poll of Polls for second time in a decade
Read More For a limited period of time, the company is turning their trademark dog Nipper into a howling wolf
Read More New York bands in vogue as Merriweather Post Pavilion is music critics' album of the year
Read More Funds raised to benefit CLIC Sargent, HMV's charity of the year.
Read More Bob Dylan, Bono and Macca are among those paying tribute to their heroes.
Read More HMV has confirmed the purchase of five Zavvi outlets in Ireland to Hot Press. The acquisition is part of a deal that sees HMV purchase 14 Zavvi retail outlets in all and, as already revealed by Hot Press, will save over a hundred jobs.
Read MoreFor information including benefits, key facts, figures and rates for advertising with Hot Press, click below
Advertise 
