HMV’s new voice is relishing the fight to save all the stores | Business – Business Article

The new owner of HMV is hoping to reopen the chain’s flagship store on Oxford Street, and is in talks with landlords on the rest of the 27 outlets which closed down earlier this week. Doug Putman, the 34-year-old boss of Canada’s Sunrise Records, rescued 100 HMV stores from administration, beating off a bid from Sports Direct’s Mike Ashley. But branches such as Oxford Street, with higher rents, were not included in the deal. Speaking to the Guardian, Putman said…

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HMV bought by Canadian music store mogul Doug Putman | Business – Business Article

A Canadian music entrepreneur has rescued HMV from collapse, taking over 100 shops and safeguarding 1,500 jobs. Doug Putman, who runs the Canadian record retailer Sunrise Records, has bought the UK music and film retailer after emerging as the leading contender over the weekend, heading off competition from Mike Ashley, the Sports Direct boss. HMV collapsed into administration just after Christmas, blaming tough conditions on UK high streets and competition from streaming sites such as Netflix and Spotify. Sign up…

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