HMV is a 92-year-old music retailer which in January 2013 sought protection from creditors, after seeing its core businesses selling compact discs and digital video disks eroded by online competitors like Apple’s iTunes and Known worldwide for its ‘Nipper the dog’ trademark, its first store on London's Oxford Street was opened by English composer Edward Elgar in 1921.


Kelvin Wu of AID Partners, the new owner of HMV in Hong Kong

New owner AID hopes there may be life in the old HMV dog yet

Kelvin Wu and his colleagues at AID Partners were quick to identify the potential of acquiring the Hong Kong and Singapore shops of the failed music and video retailer HMV.

Like other entrepreneurs, they apparently see opportunity arising out of failure.