HMV Groupi

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.


  • National pride and scepticism about fast fashion is fuelling a growing appetite among young Chinese to buy domestic brands
  • Chinese labels are big winners from the trend, while international firms like H&M are finding themselves on the wrong side of it

The most popular items on sale are the 9,000 vinyl records among the 100,000 articles that includes CDs, DVDs and toys at discounts ranging from 50 to 90 per cent


Sunrise Records, a Canadian record stores chain, has agreed to buy most of HMV Group in the United Kingdom in an auction overseen by the embattled music retailer’s administrators.

Music retailer is being pursued for rents owed at its flagship store in Causeway Bay and its concept store in Central. It follows an eviction notice for unpaid rents at the company’s Telford Plaza store in Kowloon Bay.