HMV’s flagship store in Causeway Bay closed down in December. Photo: Edmond So

HMV’s liquidation sale now unlikely as creditors opt to sell 100,000 records and DVDs by tender. The culprit? Hong Kong’s sky-high rents

  • Creditors decide to sell to the highest bidder instead of holding a liquidation sale because the cost of renting a venue would eat into the profits
  • Tender to be held in June to find a single buyer to take the whole stockpile of 100,000 CDs, DVDs, Blu-Rays, after HMV closed shop in Hong Kong
Topic |   HMV Group

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HMV’s flagship store in Causeway Bay closed down in December. Photo: Edmond So
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