Sunday, January 20, 2019

Mike Ashley in talks over rescue bid for struggling HMV

Sports Direct boss could link film and music retailer to other parts of his high street empire

Mike Ashley is considering a rescue bid for HMV, the music and film retailer that collapsed into administration last month.

The Sports Direct boss is understood to have held talks with suppliers to the ailing business about a rescue deal, which could see him link the HMV brand to other parts of his high street empire including House of Fraser, Sports Direct or potentially Game Digital, in which Sports Direct owns a 25% stake.

Related: UK shoppers rein in spending as fears grow over economy

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from Mergers and acquisitions | The Guardian http://bit.ly/2FEyHst

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