The Financial Times reports that Hilco has taken on the debt HMV owed to Lloyds and Royal Bank of Scotland, which is estimated at £200m.
Even though the deal effectively gives Hilco control of HMV, but this does not yet own the brand.
On Janury 14 HMV announced that it was entering administration and appointed Deloitte as administrator. Yesterday 21 January 2013 it was reported that about 50 companies include Hilco were interest on buying HMV.
Hilco is already owns HMV Canada which the company bought back in 2011 for £2M.
- HMV to starts accepting Gift cards
- HMV will still be open during administration
- Around 50 companies are interest to buy HMV