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HMV debt bought by Hilco allowing restructuring to begin

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Today brought the news that restructuring firm Hilco, already owners of HMV Canada, have bought HMV’s debt, effectively putting them in command of the retailer. Administration of the company is still managed by Deloitte, though the two companies will work in tandem  to restructure HMV into a form that is more viable.

BBC covered the story, securing quotes from Deloitte’s Nick Edwards saying he remains “hopeful of securing a long-term future for HMV as a going concern.”

Deloitte took control of the company last week after HMV declared bankruptcy in the face of outstanding loan agreements.