HMV: Difference between revisions
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{{Short description|Public entertainment retailing company}} |
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{{Otheruses}} |
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{{About|the retailer|the painting and record label|His Master's Voice|other uses|HMV (disambiguation)}} |
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{{Use dmy dates|date=February 2016}}{{EngvarB|date=February 2016}} |
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{{Use dmy dates|date=July 2020}} |
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{{Use British English|date=January 2024}} |
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{{Infobox company |
{{Infobox company |
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| name = Sunrise Records and Entertainment Limited / Lawson Entertainment, Inc. |
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| name = HMV Retail Ltd. |
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| logo = HMV Canada logo.png |
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| logo = [[File:HMV.svg|200px|The HMV logo featuring Nipper and the gramophone]] |
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| logo_caption = Logo used since 2007 |
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| type = [[Limited company]] |
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| image = The HMV Shop, Trinity Walk, Wakefield, West Yorkshire (3rd December 2022).jpg |
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| traded_as = <!--{{lse|HMV}}--> |
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| image_caption = The HMV Shop at Trinity Walk in Wakefield |
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| foundation = London, United Kingdom ({{Start date|df=yes|1921|07|20}})<ref>{{cite news|last1=Brooks|first1=David|title=HMV timeline from foundation to administration|url=http://www.retail-week.com/hmv-timeline-charting-the-companys-history/5044865.article|accessdate=22 March 2015|work=Retail Week|date=15 January 2013}}</ref> |
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| trade_name = HMV |
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| founder = |
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| type = [[Subsidiary]] |
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| defunct = |
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| traded_as = |
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| location_city = Mermaid House,<br>[[Puddle Dock]],<br>London<ref>{{cite web|title=Contact us|url=http://www.hmv.com/contact-us|publisher=HMV|accessdate=22 March 2015}}</ref> |
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| parent = |
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| location_country = United Kingdom |
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| foundation = {{Start date and age|20 July 1921}} |
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| locations = 128 stores |
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| location = [[London]], England, UK |
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| area_served = United Kingdom<br />Canada<br />Ireland<br />Hong Kong |
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| locations = 120 shops ({{as of|lc=y|2024|04}}){{cn|date=July 2024}} |
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| key_people = Paul McGowan, Chairman |
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| key_people = {{ubl|Neil Taylor<br />(CEO)|Phil Halliday<br />(managing director)}} |
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| industry = Retail |
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| industry = Music & film retail |
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| products = [[Music downloads]]<br/>Books<br />[[Video games]]<br />Film<br />Television<br/>Games<br />Magazines<br />Music<br />Fashion<br />Technology<br/>[[Merchandise]]<br />Cinema |
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| products = Music<br />film<br />television<br />[[merchandise]]<br />technology<br />[[video games]]<br />books<br /> |
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| market cap = |
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| owner = [[Sunrise Records]] (United Kingdom, Ireland, Belgium and Canada){{efn|Brand owned by JD Sports}}<br />[[Lawson (store)|Lawson]] (Japan) |
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| revenue = [[Pound sterling|£]]1,956.7 million (2009)<ref name="AR">{{cite web |url=http://2009.hmvgroup.ry.com/pdfs/hmv_ara09.pdf |title=Annual Report 2009 |publisher=HMV Group |accessdate=10 March 2010}}</ref> |
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| num_employees = 1,600 ({{as of|lc=y|2019}})<ref>{{Cite magazine |title=Sunrise Records Chief Doug Putman Talks Rescuing UK's HMV Music Chain, Plans to Bring It Profitable |magazine=[[Billboard (magazine)|Billboard]] |url=https://www.billboard.com/articles/business/8497202/sunrise-records-doug-putman-uk-hmv-music-chain-plans-interview |access-date=6 February 2019}}</ref> |
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| operating_income = [[Pound sterling|£]]70.3 million (2009)<ref name="AR"/> |
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| area_served = United Kingdom<br />Ireland<br />Belgium<br />Japan<br />Canada<br /> |
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| net_income = [[Pound sterling|£]]44.2 million (2009)<ref name="AR"/> |
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| subsid = [[Fopp (retailer)|Fopp]] |
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| assets = |
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| homepage = {{official URL}} |
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| equity = |
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| footnotes = |
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| owner = [[Hilco]] |
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| num_employees = 2,500 (2013)<ref name="Hilco"/> |
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| parent = |
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| divisions = |
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| subsid = [[Fopp (retailer)|Fopp]] |
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| homepage = {{url|www.hmv.com}} {{url|hmvdigital.com}}{{url|store.hmv.com}} |
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| footnotes = |
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| intl = Yes |
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}} |
}} |
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'''HMV Retail Ltd.''', formerly '''HMV Group plc''', is an entertainment retailing company (registered in England) operating in the United Kingdom, Canada and Hong Kong. It was listed on the [[London Stock Exchange]] and was a constituent of the [[FTSE Fledgling Index]]. The first HMV-branded store was opened by the [[Gramophone Company]] on [[Oxford Street]] in 1921, and the HMV name was also used for television and radio sets manufactured from the 1930s onwards. The retail side of the business began to expand in the 1960s, and in 1998 was divested from [[EMI]], the successor to the Gramophone Company, to form what would become HMV Group. |
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'''HMV''' is a British music and entertainment retailer, founded in 1921. The brand is owned by [[JD Sports]] and operated by [[Sunrise Records]], except in Japan, where it is owned and operated by [[Lawson (store)|Lawson]].<ref>{{Cite web |title=株式会社 ローソンエンタテインメント |url=https://www.ent.lawson.co.jp |access-date=2024-11-27}}</ref> |
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HMV stands for ''[[His Master's Voice]]'', the title of a painting by [[Francis Barraud]] of the dog [[Nipper]] listening to a [[cylinder phonograph]], which was bought by the Gramophone Company in 1899.<ref name="news.bbc.co.uk">{{cite news |url=http://news.bbc.co.uk/1/hi/business/616485.stm |title=EMI: A Brief History |publisher=BBC News |accessdate=15 January 2009 | date=24 January 2000}}</ref> For advertising purposes this was changed to a wind-up [[phonograph|gramophone]], and eventually used simply as a silhouette. |
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The retailer was opened by the [[Gramophone Company]] on London's [[Oxford Street]], named after the [[Francis Barraud]] painting, [[His Master's Voice]].<ref>{{Cite web |last=Holden |first=Jake |date=2023-11-23 |title=HMV to return to its iconic Oxford Street location after four-year closure |url=https://www.mylondon.news/whats-on/whats-on-news/hmv-return-iconic-oxford-street-28147471 |access-date=2024-02-21 |website=My London |language=en}}</ref> In 1998, it was divested from [[EMI]] (successor to the Gramophone Company), to form what would become HMV Group plc.<ref>{{Cite web |last=Barlow |first=Alastair |date=2020-01-29 |title=HMV's top dog could be in the kennels once again |url=https://www.accountingweb.co.uk/community/blogs/alastairbarlow/hmvs-top-dog-could-be-in-the-kennels-once-again |access-date=2024-02-21 |website=AccountingWEB |language=en}}</ref> In August 2007, HMV bought rival retailer, [[Fopp (retailer)|Fopp]].<ref>{{Cite news |last=Allen |first=Katie |date=2007-08-01 |title=Fopp lives again after HMV buys six shops and online operation |url=https://www.theguardian.com/media/2007/aug/01/newmedia.business |access-date=2024-02-21 |work=The Guardian |language=en-GB |issn=0261-3077}}</ref> In April 2013, HMV Group plc was bought by [[Hilco Capital|Hilco UK]] for an estimated £50 million after falling into administration, with some international divisions divested off.<ref name="Hilco">{{Cite news |date=5 April 2013 |title=HMV is sold to Hilco in rescue deal |url=https://www.bbc.co.uk/news/business-22040237 |access-date=5 April 2013 |work=BBC News}}</ref> In February 2019, British retailer [[JD Sports]] acquired the HMV brand,<ref>{{cite web |date=4 November 2020 |title=Trade mark number UK00002460933 - Event history |url=https://trademarks.ipo.gov.uk/ipo-tmcase/page/Results/1/UK00002460933 |access-date=6 May 2024 |website=trademarks.ipo.gov.uk |publisher=[[Intellectual Property Office (United Kingdom)|Intellectual Property Office]] |quote=Full Assignment RC000162070 received on date 06/10/2020 has been recorded, resulting to the change of ownership from HMV (Brands) Limited (id: 588693, country: GB) to JD Sports Fashion Plc (id: 30760, company number: 01888425, country: GB). The effective date of assignment is 22/02/2019.}}</ref> and the Canadian retailer [[Sunrise Records (retailer)|Sunrise Records]] acquired HMV's stores, to operate under license.<ref>{{Cite web |title=HMV sold to Sunrise Records |url=https://www.thebookseller.com/news/hmv-sold-sunrise-records-942556 |access-date=2024-09-13 |website=The Bookseller |language=En}}</ref> |
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HMV owned the [[Waterstone's]] bookshop chain from 1998 until 2011,<ref name="Waterstones: a history">{{cite news|title=Waterstone's: a history|url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/8525837/Waterstones-a-history.html|accessdate=26 January 2013|newspaper=The Telegraph|date=20 May 2011|location=London}}</ref> and has owned the music retailer [[Fopp (retailer)|Fopp]] since August 2007.<ref>{{cite news |url=http://news.bbc.co.uk/1/hi/business/6923511.stm |title=HMV snaps up Fopp name and stores |publisher=BBC News |accessdate=15 January 2009 | date=31 July 2007}}</ref> It purchased a number of former [[Zavvi (retailer)|Zavvi]] stores in February 2009, and also branched into live music venue management that year by purchasing [[MAMA Group]]. It sold the group in December 2012. |
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In May 2023, Sunrise Records announced the retailer would return to Ireland, followed by an announcement in November 2023 that the retailer would also enter the Belgian market.<ref>{{Cite web |title=HMV to return to Irish Republic with Dublin flagship store |url=https://www.musicweek.com/labels/read/hmv-to-return-to-irish-republic-with-dublin-flagship-store/087904 |access-date=2024-09-13 |website=www.musicweek.com |language=en}}</ref><ref>{{Cite web |date=2023-11-09 |title=HMV starts European expansion in Belgium |url=https://www.retaildetail.eu/news/leisure/hmv-starts-european-expansion-in-belgium/ |access-date=2024-09-13 |website=RetailDetail EU |language=en-US}}</ref> In February 2024, Sunrise Records announced HMV would re-enter the Canadian market as an in-store concession within [[Toys "R" Us Canada|Toys "R" Us]] locations.<ref>{{Cite web |title=HMV making comeback through Toys “R” Us locations in Ontario {{!}} Globalnews.ca |url=https://globalnews.ca/news/10266142/hmv-comeback-toys-r-us-ontario/ |access-date=2024-09-13 |website=Global News |language=en-US}}</ref> |
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On 15 January 2013, HMV Group entered [[Administration (law)|administration]].<ref name="propertymall.com">[http://www.propertymall.com/press/article/30727 HMV calls in administrators as share trading suspended]</ref> [[Deloitte]] were appointed to deal with the administration of the company.<ref name="Deloitte UK">{{cite news|url=http://www.deloitte.com/view/en_GB/uk/services/corporate-finance/93a34f0356f3c310VgnVCM3000003456f70aRCRD.htm|title= Deloitte appointed administrators to HMV Group plc, HMV Music Ltd, HMV UK Ltd and Fopp Entertainments Ltd |publisher= Deloitte UK | date=15 January 2013}}</ref> On 16 January 2013, [[HMV Ireland]] declared [[receivership]], and all Irish stores were closed.<ref name="HMV Ireland goes into receivership">{{cite news|url=http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/hmv-ireland-goes-into-receivership-16262150.html |title= HMV Ireland goes into receivership |work= The Belfast Telegraph | date=16 January 2013}}</ref> A week later, on 22 January 2013, it was reported that [[Hilco|Hilco UK]] would buy the debt of HMV, a step towards potentially taking control of the company.<ref>{{cite news|url=http://www.bbc.co.uk/news/business-21141209|title=HMV: Restructuring specialist Hilco takes control of retailer|publisher=BBC News|date=22 January 2013}}</ref> The sale of HMV's Hong Kong and Singapore business to private equity firm Aid Partners was completed on 28 February 2013. On 5 April 2013, HMV was bought out of administration by Hilco UK for an estimated £50 million.<ref name="Hilco">{{cite news|url=http://www.bbc.co.uk/news/business-22040237 |title=HMV is sold to Hilco in rescue deal |publisher=BBC News |date=5 April 2013 |accessdate=5 April 2013}}</ref> |
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==History== |
==History== |
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===Origins=== |
===Origins=== |
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The antecedents of HMV began in the 1890s at the dawn of the disc gramophone. The Nipper, gramophone, and masters voice motif was used as early as 1899 in a photo advert appearing in "The Boy's own Paper" a London male youth oriented weekly paper which was published throughout the British Empire{{Citation needed|date=February 2024}}. By 1902 it had become the beginnings of the [[Gramophone Company]]. In February 1907 it commenced the building of a new dedicated [[Old Vinyl Factory|record factory]] at Hayes, Middlesex. Disc records were sold in music shops and independent retailers at this time. In 1921 the Gramophone Company opened the first dedicated HMV shop at 363 [[Oxford Street]],<ref>{{Cite web |title=Inside the Oxford Street HMV Store in the Sixties – Voices of East Anglia |url=http://www.voicesofeastanglia.com/2011/06/inside-the-oxford-street-hmv-store-in-the-sixties.html |access-date=10 November 2015 |website=Voices of East Anglia|date=14 June 2011 }}</ref> London, in a former men's clothing shop; the composer [[Edward Elgar]] participated in the opening ceremonies.<ref>{{Cite news |date=15 January 2013 |title=1921: HMV's first store is opened by Edward Elgar |work=The Guardian |location=London |url=https://www.theguardian.com/theguardian/2013/jan/15/hmv-shop-london-first-elgar-london-1921 |access-date=26 January 2013}}</ref> In March 1931 the Gramophone Company merged with [[Columbia Graphophone Company]] to form Electric and Musical Industries Ltd ([[EMI]]).<ref name="news.bbc.co.uk">{{Cite news |date=24 January 2000 |title=EMI: A Brief History |url=http://news.bbc.co.uk/1/hi/business/616485.stm |access-date=15 January 2009 |work=BBC News}}</ref> |
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[[File:HMV_record.JPG|thumb|A record featuring the "His Master's Voice" title and Nipper]] |
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The antecedents of HMV began in the 1890s at the dawn of the disc gramophone. By 1902 it had become the beginnings of the [[Gramophone Company]]. In February 1907 they commenced the building of a new dedicated [[The Old Vinyl Factory|record factory]] at Hayes, Middlesex. Disc records were sold in music shops and independent retailers at this time. In 1921 the Gramophone Company opened the first dedicated HMV shop in Oxford Street,<ref>{{Cite web|title = Inside the Oxford Street HMV Store in the Sixties – Voices of East Anglia|url = http://www.voicesofeastanglia.com/2011/06/inside-the-oxford-street-hmv-store-in-the-sixties.html|website = Voices of East Anglia|accessdate = 10 November 2015|language = en-US}}</ref> London, in a former men's clothing shop; the composer [[Edward Elgar]] participated in the opening ceremonies.<ref>{{cite news |title=1921: HMV's first store is opened by Edward Elgar |url=https://www.theguardian.com/theguardian/2013/jan/15/hmv-shop-london-first-elgar-london-1921 |newspaper=The Guardian |date=15 January 2013 |accessdate=26 January 2013 |location=London}}</ref> In March 1931 the Gramophone Company merged with [[Columbia Graphophone Company]] to form Electric and Musical Industries Ltd ([[EMI]]).<ref name="news.bbc.co.uk"/> |
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From the 1930s onwards, HMV manufactured radio and television sets and radiograms under the HMV and [[Marconiphone]] brand names in |
From the 1930s onwards, HMV manufactured radio and television sets and radiograms under the HMV and [[Marconiphone]] brand names in its factory in [[Hayes, Hillingdon|Hayes]], [[Middlesex]]. |
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The original HMV shop was severely damaged by a fire in 1937, but was rebuilt and reopened two years later on 8 May 1939. [[Sir Thomas Beecham]] opened the new shop.<ref>{{Cite web |title=HMV 363 Oxford Street 1937 Fire Pictures, with speech by Sir Thomas Beecham|url=http://www.youtube.com/watch?v=GP9VNJCDLbk&feature=emb_logo |archive-url=https://ghostarchive.org/varchive/youtube/20211222/GP9VNJCDLbk |archive-date=2021-12-22 |url-status=live|access-date=28 February 2021|website=Youtube| date=21 July 2010 }}{{cbignore}}</ref> |
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===Expansion=== |
===Expansion=== |
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[[File:HMV - Oxford Street 1.jpg|thumb |
[[File:HMV - Oxford Street 1.jpg|thumb|HMV's former flagship branch at 150–154 [[Oxford Street]], London. It was later converted into a [[Frasers Group|Sports Direct]] shop in 2015.]] |
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In 1966 HMV began expanding its retail operations in London. Throughout the 1970s, the company continued to expand, doubling in size, and in six years became the country's leading specialist music |
In 1966, HMV began expanding its retail operations in London. Throughout the 1970s, the company continued to expand, doubling in size, and in six years became the country's leading specialist music retailer. It faced strong competition, however, from [[Virgin Megastores]], established in 1976, and from [[Our Price]], established in 1972, which had numerous high street retail shops around the UK. Subsequently, HMV overtook Our Price in popularity and threatened its existence, having established a chain of newer and larger shops. |
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The company opened its flagship |
The company opened its flagship shop at a new location at 150–154 Oxford Street in 1986, announcing it was the largest record shop in the world at the time, and the official opening was attended by [[Bob Geldof]] and [[Michael Hutchence]].<ref name="Beeching">{{Cite news |last=Philip Beeching |date=15 January 2013 |title=HMV: How the top dog lost its bite |work=BBC News |url=https://www.bbc.co.uk/news/entertainment-arts-21028803 |access-date=15 January 2013}}</ref> Growth continued for a third decade into the 1990s, with the company reaching over 320 shops<ref name=Beeching/> including in 1990 its first shop in the U.S. located at 86th and Lexington in New York City, which was the largest music shop in North America at the time.<ref>{{Cite news |date=2 May 1990 |title=Brit 'superstore' to set up shop in Gotham |page=307 |work=[[Variety (magazine)|Variety]]}}</ref> HMV celebrated its 75-year anniversary in 1996.<ref name="news.bbc.co.uk" /> |
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In February 1998, EMI entered into a joint venture with [[Advent International]] to form HMV Media Group led by [[Alan Giles]], which acquired HMV's |
In February 1998, EMI entered into a joint venture with [[Advent International]] to form HMV Media Group led by [[Alan Giles]], which acquired HMV's shops and [[Dillons the Bookstore|Dillons]], leaving EMI with a holding of around 45%.<ref>{{Cite news |last=Boehm |first=Erich |date=25 February 1998 |title=EMI spins off HMV record shop chain |work=Variety |url=https://variety.com/1998/biz/news/emi-spins-off-hmv-record-store-chain-1117468118/ |access-date=22 March 2015}}</ref> The new joint venture then bought the [[Waterstones]] chain of bookshops to merge with Dillons.<ref>{{Cite news |date=25 February 1998 |title=WH Smith unloads book shop chain |work=BBC News |url=http://news.bbc.co.uk/1/hi/business/59970.stm |access-date=22 March 2015}}</ref> |
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===Flotation=== |
===Flotation=== |
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By 2002, EMI's holding in HMV Media was 43%, with Advent International owning 40% and management the remainder. |
By 2002, EMI's holding in HMV Media was 43%, with Advent International owning 40% and management the remainder.{{citation needed|date=June 2020}} The company floated on the [[London Stock Exchange]] later in the year as HMV Group plc, leaving EMI with only a token holding.<ref>{{Cite news |date=11 April 2002 |title=HMV set for stock market debut |work=BBC News |url=http://news.bbc.co.uk/1/hi/business/1922991.stm |access-date=22 March 2015}}</ref> |
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HMV operated a loyalty scheme branded as "purehmv", first launched in August 2003, but subsequently closed and relaunched in 2008.<ref>{{Cite web |date=30 December 2008 |title=HMV Plans Reward Card Roll Out |url=http://www.billboard.biz/bbbiz/content_display/industry/e3i935003166745e37d3e62fdb3722b6af0 |url-status=dead |archive-url=https://web.archive.org/web/20090625151959/http://www.billboard.biz/bbbiz/content_display/industry/e3i935003166745e37d3e62fdb3722b6af0 |archive-date=25 June 2009 |access-date=15 January 2009 |publisher=HMV}}</ref> The scheme awarded cardholders points for purchases, which could be collected and redeemed on a number of rewards including vouchers, memorabilia and signed merchandise. "purehmv" has since closed and will be replaced by a new loyalty scheme, the launch date of which is yet to be announced.<ref>{{Cite web |title=HMV Loyalty |url=https://purehmv.com/ |url-status=dead |archive-url=https://web.archive.org/web/20190805174334/http://purehmv.com/ |archive-date=5 August 2019 |access-date=5 August 2019 |website=purehmv.com}}</ref> |
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The group became susceptible to a takeover following a poor period of trading up to Christmas 2005. Private equity firm [[Permira]] made a £762 million conditional bid for the group (based on 190p a share) on 7 February 2006, which was rejected by HMV as an insufficient valuation of the company.<ref>{{cite news |url=http://news.bbc.co.uk/2/hi/business/4800548.stm |title=Retailer HMV rejects bid approach |publisher=BBC News |accessdate=15 January 2009 | date=13 March 2006}}</ref> Permira made a second offer which increased the value, although HMV declined it on 13 March 2006, subsequently issuing a statement that the offer undervalued the medium and long term prospects for the company,<ref>{{cite news |title= HMV rejects second bid approach |publisher= BBC News |date= 13 March 2006 |url=http://news.bbc.co.uk/2/hi/business/4800548.stm |accessdate= 30 December 2006}}</ref> resulting in Permira withdrawing from bidding.<ref>{{cite news |title= HMV suitor Permira abandons bid |publisher= BBC News |date= 20 March 2006 |url= http://news.bbc.co.uk/2/hi/business/4826132.stm |accessdate= 30 December 2006}}</ref> |
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The group became susceptible to a takeover following a poor period of trading up to Christmas 2005. Private equity firm [[Permira]] made a £762 million conditional bid for the group (based on 190p a share) on 7 February 2006, which was rejected by HMV as an insufficient valuation of the company.<ref>{{Cite news |date=13 March 2006 |title=Retailer HMV rejects bid approach |work=BBC News |url=http://news.bbc.co.uk/2/hi/business/4800548.stm |access-date=15 January 2009}}</ref> Permira made a second offer which increased the value, although HMV declined it on 13 March 2006, subsequently issuing a statement that the offer undervalued the medium and long term prospects for the company,<ref>{{Cite news |date=13 March 2006 |title=HMV rejects second bid approach |work=BBC News |url=http://news.bbc.co.uk/2/hi/business/4800548.stm |access-date=30 December 2006}}</ref> resulting in Permira withdrawing from bidding.<ref>{{Cite news |date=20 March 2006 |title=HMV suitor Permira abandons bid |work=BBC News |url=http://news.bbc.co.uk/2/hi/business/4826132.stm |access-date=30 December 2006}}</ref> |
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===Acquisitions=== |
===Acquisitions=== |
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[[File:HMV, Leeds 001.jpg|thumb|A large HMV branch in [[Leeds]] incorporating an [[Orange (UK)|Orange]] shop]] |
[[File:HMV, Leeds 001.jpg|thumb|A large HMV branch in [[Leeds]] incorporating an [[Orange (UK)|Orange]] shop]] |
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In 2006 the HMV Group purchased the [[Ottakar's]] book chain and merged it into |
In 2006, the HMV Group purchased the [[Ottakar's]] book chain and merged it into Waterstones. The merger tied into HMV's strategy for growth, as many of the Ottakar's branches were in smaller towns. The [[Competition Commission]] provisionally cleared HMV Group, through Waterstones, for takeover of the Ottakar's group on 30 March 2006, stating that the takeover would "not result in a substantial lessening of competition".<ref>{{Cite news |last=Muspratt |first=Caroline |date=12 May 2006 |title=HMV merger with Ottakers cleared |work=The Daily Telegraph |location=London |url=https://www.telegraph.co.uk/finance/2938612/HMV-merger-with-Ottakars-cleared.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/2938612/HMV-merger-with-Ottakars-cleared.html |archive-date=12 January 2022 |url-access=subscription |url-status=live |access-date=16 August 2009}}{{cbignore}}</ref> Waterstones then announced that it had successfully negotiated a takeover of Ottakar's on 31 May 2006.<ref>{{Cite news |last=Walsh |first=Fiona |date=1 June 2006 |title=Ottaker's accepts HMV takeover though price is slashed |work=The Guardian |location=London |url=https://www.theguardian.com/business/2006/jun/01/media |access-date=16 August 2009}}</ref> All 130 Ottakar's shops were rebranded as Waterstones prior to Christmas 2006. In March 2007, new group CEO Simon Fox announced a 10% reduction over three years in the enlarged Waterstones total shop space, comprising mostly dual location shops created by the acquisition of Ottakar's.<ref>{{Cite news |last=Feltham |first=Cliff |date=29 June 2007 |title=HMV to stay on High Street despite falling sales of CDs |work=The Independent |location=London |url=https://www.independent.co.uk/news/business/news/hmv-to-stay-on-high-street-despite-falling-sales-of-cds-455201.html |access-date=16 August 2009}}{{dead link|date=August 2021|bot=medic}}{{cbignore|bot=medic}}</ref> |
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On 29 June 2007, the entertainment retailer [[Fopp (retailer)|Fopp]] went into administration, with the closure of 81 |
On 29 June 2007, the entertainment retailer [[Fopp (retailer)|Fopp]] went into administration, with the closure of 81 shops and 800 staff made redundant.<ref>{{Cite news |last=Allen |first=Katie |date=29 June 2007 |title=Fopp closes it stores and appoints administrators |work=The Guardian |url=https://www.theguardian.com/business/2007/jun/29/musicnews.retail |access-date=23 March 2015}}</ref> On 31 July HMV bought the brand and six shops that it said had traded profitably, saving around 70 jobs.<ref>{{Cite news |date=31 July 2007 |title=HMV snaps up Fopp name and shops |work=BBC News |url=http://news.bbc.co.uk/2/hi/business/6923511.stm |access-date=31 July 2007}}</ref> |
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On 1 September 2008, HMV launched "Get Closer", a social networking site allowing users to import their own music library, rivalling other providers including [[Digital music store|online music shops]] [[Napster (pay service)|Napster]] and the [[iTunes Store]].<ref>{{Cite news |last=Hall |first=James |date=26 April 2008 |title=HMV tries to Get Closer with social networking test |url=https://www.telegraph.co.uk/finance/markets/2789004/HMV-tries-to-Get-Closer-with-social-networking-test.html |url-access=subscription |url-status=live |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/markets/2789004/HMV-tries-to-Get-Closer-with-social-networking-test.html |archive-date=12 January 2022 |access-date=15 January 2009 |work=The Daily Telegraph |location=London}}{{cbignore}}</ref> The site was closed in September 2009.<ref>{{Cite web |last=Duncan Geere |date=7 September 2009 |title=HMV shutters GetCloser.com social network |url=http://www.pocket-lint.com/news/26942/hmv-shutters-getcloser-social-network |access-date=2 November 2012 |publisher=Pocket-lint}}</ref> |
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On 24 December 2008, Christmas Eve, HMV's rival [[Zavvi (retailer)|Zavvi]], also an entertainment retailer, entered administration. On 14 January 2009 a placing announcement by HMV revealed that they intended to acquire 14 of Zavvi's stores.<ref>{{cite web|url=http://www.hmvgroup.com/media/view.jsp?agreed=true&selectedDisclaimerCountry=UK&id=1271 |title=Placing announcement |publisher=HMV |date=14 January 2009 |accessdate=14 January 2009 |deadurl=yes |archiveurl=https://web.archive.org/web/20090604051127/http://www.hmvgroup.com/media/view.jsp?agreed=true&selectedDisclaimerCountry=UK&id=1271 |archivedate=4 June 2009 }}</ref> On 18 February 2009 five additional Zavvi stores were purchased by HMV Group, to be rebranded as HMV outlets. An additional former Zavvi store in Exeter's [[Princesshay]] development was also added.<ref>{{cite web |url=http://www.manchestereveningnews.co.uk/news/business/s/1097409_end_of_the_road_for_zavvi |title=End of the road for Zavvi |publisher=Manchester Evening News |date=18 February 2009 |accessdate=18 February 2009}}</ref> The acquisitions were investigated and cleared by the [[Office of Fair Trading]] in April 2009.<ref>{{cite web |url= |
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http://www.oft.gov.uk/advice_and_resources/resource_base/Mergers_home/Mergers_Cases/2009/hmv |title=HMV/Zavvi |publisher=Office of Fair Trading |date=28 April 2009 |accessdate=24 December 2009}}</ref> |
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On 24 December 2008, HMV's rival [[Zavvi (retailer)|Zavvi]], successor to entertainment retailer Virgin Megastores, entered administration. On 14 January 2009 a placing announcement by HMV revealed that it intended to acquire 14 of Zavvi's shops.<ref>{{Cite web |date=14 January 2009 |title=Placing announcement |url=http://www.hmvgroup.com/media/view.jsp?agreed=true&selectedDisclaimerCountry=UK&id=1271 |url-status=dead |archive-url=https://web.archive.org/web/20090604051127/http://www.hmvgroup.com/media/view.jsp?agreed=true&selectedDisclaimerCountry=UK&id=1271 |archive-date=4 June 2009 |access-date=14 January 2009 |publisher=HMV}}</ref> On 18 February 2009 five additional Zavvi shops were purchased by HMV Group, to be rebranded as HMV outlets. An additional former Zavvi shop in Exeter's [[Princesshay]] development was also added.<ref>{{Cite web |date=18 February 2009 |title=End of the road for Zavvi |url=http://www.manchestereveningnews.co.uk/news/business/s/1097409_end_of_the_road_for_zavvi |url-status=dead |archive-url=https://archive.today/20120907061239/http://www.manchestereveningnews.co.uk/news/business/s/1097409_end_of_the_road_for_zavvi |archive-date=7 September 2012 |access-date=18 February 2009 |website=Manchester Evening News}}</ref> The acquisitions were investigated and cleared by the [[Office of Fair Trading]] in April 2009.<ref>{{Cite web |date=28 April 2009 |title=HMV/Zavvi |url=http://www.oft.gov.uk/advice_and_resources/resource_base/Mergers_home/Mergers_Cases/2009/hmv |url-status=dead |archive-url=https://web.archive.org/web/20090903225501/http://www.oft.gov.uk/advice_and_resources/resource_base/Mergers_home/Mergers_Cases/2009/hmv |archive-date=3 September 2009 |access-date=24 December 2009 |publisher=Office of Fair Trading}}</ref> |
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In the 2008 MCV Industry Excellence Awards, HMV was given the title 'Entertainment Retailer of the Year'.<ref>{{cite web |url=http://www.mcvuk.com/news/30160/MCV-Awards-08-The-winners-in-full |title=MCV Awards '08 |publisher=MCV |accessdate=14 April 2008}}</ref> |
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In the 2008 MCV Industry Excellence Awards, HMV was given the title Entertainment Retailer of the Year.<ref>{{Cite web |title=MCV Awards '08 |website=MCV |date=11 April 2008 |url=http://www.mcvuk.com/news/30160/MCV-Awards-08-The-winners-in-full |access-date=14 April 2008 }}</ref> |
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In January 2009, HMV bought a 50% stake in MAMA Group, forming a joint venture with the group called the Mean Fiddler Group.<ref>{{cite news|last1=Wood|first1=Zoe|title=HMV to enter live music market|url=https://www.theguardian.com/business/2009/jan/14/hmv-enters-live-music-market|accessdate=22 March 2015|work=The Guardian|date=14 January 2009}}</ref> The deal introduced the HMV brand to live music venues, including the [[Hammersmith Apollo]].<ref>{{cite news |url=http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article5519903.ece |title=HMV Group plugs into live music market| work=The Times |date=15 January 2009 |accessdate=30 March 2010 | location=London | first=Marcus | last=Leroux}}</ref> On 23 December 2009, it bought the whole of the MAMA Group in a live music takeover deal worth £46 million.<ref>{{cite news|title=HMV buys MAMA Group in live music takeover deal|url=http://news.bbc.co.uk/1/hi/business/8428713.stm|accessdate=22 March 2015|publisher=BBC News|date=23 December 2009}}</ref> |
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In January 2009, HMV bought a 50% stake in MAMA Group, forming a joint venture with the group called the Mean Fiddler Group.<ref>{{Cite news |last=Wood |first=Zoe |date=14 January 2009 |title=HMV to enter live music market |work=The Guardian |url=https://www.theguardian.com/business/2009/jan/14/hmv-enters-live-music-market |access-date=22 March 2015}}</ref> The deal introduced the HMV brand to live music venues, including the [[Hammersmith Apollo]].<ref>{{Cite news |last=Leroux |first=Marcus |date=15 January 2009 |title=HMV Group plugs into live music market |work=The Times |location=London |url=http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article5519903.ece |archive-url=https://web.archive.org/web/20110612095924/http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article5519903.ece |url-status=dead |archive-date=12 June 2011 |access-date=30 March 2010}}</ref> On 23 December 2009, it bought the whole of the MAMA Group in a live music takeover deal worth £46 million.<ref>{{Cite news |date=23 December 2009 |title=HMV buys MAMA Group in live music takeover deal |work=BBC News |url=http://news.bbc.co.uk/1/hi/business/8428713.stm |access-date=22 March 2015}}</ref> |
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HMV bought 50% of [[7digital]] for £7.7 million in September 2009, as part of a strategy to increase its digital content offering. 7digital provided HMV's music download service, and the company planned to introduce an [[e-book]]s service for Waterstone's.<ref>{{cite news|title=HMV takes 50% stake in 7digital|url=http://news.bbc.co.uk/1/hi/business/8235193.stm|accessdate=23 March 2015|publisher=BBC News|date=3 September 2009}}</ref> |
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In September 2009, HMV bought 50% of [[7digital]] for £7.7 million, as part of a strategy to increase its digital content offering. 7digital provided HMV's music download service, and the company planned to introduce an [[e-book]]s service for Waterstone's.<ref>{{Cite news |date=3 September 2009 |title=HMV takes 50% stake in 7digital |work=BBC News |url=http://news.bbc.co.uk/1/hi/business/8235193.stm |access-date=23 March 2015}}</ref> |
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On 5 January 2011 HMV announced that profits would be at the lower end of analysts' forecasts due to falling sales, resulting in the share price falling by 20%<ref>[http://www.ft.com/cms/s/0/b105f708-189f-11e0-b7ee-00144feab49a.html?ftcamp=rss HMV warns on store closures]. ''Financial Times''.</ref> and an announcement of the group's intention to close 40 HMV stores, as well as 20 Waterstone's stores, mainly in towns and cities where the company operates at multiple locations. The first of the store closures began at the end of January 2011.<ref>{{cite news| url=https://www.theguardian.com/business/2011/jan/05/hmv-profits-warning-grim-christmas | location=London | work=The Guardian | first1=Graeme | last1=Wearden | first2=Simon | last2=Bowers | first3=Zoe | last3=Wood | title=HMV issues profit warning after grim Christmas | date=5 January 2011}}</ref> |
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In October 2009, HMV established a joint venture with [[Curzon Cinemas]] as part of chief executive Simon Fox's plan to bring cinemas to HMV and Waterstone's shops across England. The first trial cinema opened above the existing HMV shop in [[Wimbledon, London|Wimbledon]], in a former storage room converted into three separate screens and a bar. It has its own entrance, allowing access outside shop hours, and one within the shop. The trial was deemed a success, and it had been planned to open additional cinemas in HMV's Cheltenham shop, and Waterstone's in [[Piccadilly]], London.<ref>{{Cite news |last=Wood |first=Zoe |date=25 October 2009 |title=HMV cinemas: coming to a high street near you |url=https://www.theguardian.com/business/2009/oct/25/hmv-curzon-artificial-eye-cinemas |access-date=15 January 2009 |work=The Guardian |location=London}}</ref>{{needs update|date=May 2023}} |
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The sale of Waterstone's to A&NN Capital Fund Management for £53 million was completed on 29 June 2011, and was approved by the vast majority of shareholders at an [[Extraordinary general meeting|emergency general meeting]].<ref>{{cite news |title=HMV Group completes sale of Waterstone's |date=29 June 2011 |first=Mark |last=Sweney |work=Retail Gazette|url=http://www.retailgazette.co.uk/articles/43342-hmv-group-completes-sale-of-waterstones |accessdate=29 June 2011}}</ref> |
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On 5 January 2011, HMV announced that profits would be at the lower end of analysts' forecasts due to falling sales, resulting in the share price falling by 20%<ref>[http://www.ft.com/cms/s/0/b105f708-189f-11e0-b7ee-00144feab49a.html?ftcamp=rss HMV warns on store closures]. ''Financial Times''.</ref> and an announcement of the group's intention to close 40 HMV shops, as well as 20 Waterstone's bookshops, mainly in towns and cities where the company operated at multiple locations. The first of the shop closures began at the end of January 2011.<ref>{{Cite news |last1=Wearden |first1=Graeme |last2=Bowers |first2=Simon |last3=Wood |first3=Zoe |date=5 January 2011 |title=HMV issues profit warning after grim Christmas |work=The Guardian |location=London |url=https://www.theguardian.com/business/2011/jan/05/hmv-profits-warning-grim-christmas}}</ref> |
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HMV sold the [[Hammersmith Apollo]] to [[AEG Live]] and [[Eventim UK|Eventim]] in May 2012 for £32 million.<ref>{{cite news |title=Hammersmith Apollo in London sold by HMV to Stage C |url=http://www.bbc.co.uk/news/uk-england-london-18284304 |publisher=BBC News |date=31 May 2012 |accessdate=8 October 2012}}</ref> It sold the remainder of MAMA Group to [[Lloyds Development Capital]] in December 2012 for £7.3 million, which also included the company's 50% stake in Mean Fiddler Group.<ref>{{cite news|url=http://www.ft.com/cms/s/0/8bd9b3a8-3d6d-11e2-9f35-00144feabdc0.html|title=HMV sells Mama Group music arm to LDC |author=Anne-Sylvaine Chassany |date=3 December 2012 |work=Financial Times |accessdate=22 January 2013}}</ref> |
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The sale of Waterstone's to A&NN Capital Fund Management for £53 million was completed on 29 June 2011, and was approved by the vast majority of shareholders at an [[Extraordinary general meeting|emergency general meeting]].<ref>{{Cite news |last=Sweney |first=Mark |date=29 June 2011 |title=HMV Group completes sale of Waterstone's |work=Retail Gazette |url=http://www.retailgazette.co.uk/articles/43342-hmv-group-completes-sale-of-waterstones |url-status=dead |access-date=29 June 2011 |archive-url=https://web.archive.org/web/20110925042137/http://www.retailgazette.co.uk/articles/43342-hmv-group-completes-sale-of-waterstones |archive-date=25 September 2011}}</ref> |
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===Administration=== |
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[[File:HMV, Kirkgate, Wakefield (10th March 2013) 002.JPG|thumb|A branch in [[Wakefield]] closing as part of the group administration (March 2013).]] |
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On 15 January 2013, HMV Group appointed [[Deloitte]] as company [[Administration (law)|administrators]] and suspended [[Share (finance)|shares]],<ref name="propertymall.com"/> putting its 4,350 UK employees at the risk of redundancy.<ref name="Deloitte UK"/><ref>{{cite news|url=http://www.bbc.co.uk/news/business-21021073|title= HMV music and film chain to appoint administrator|date=16 January 2013 |publisher=BBC News |accessdate=16 January 2013 }}</ref> Store gift vouchers were initially declared void since holders are classified as unsecured creditors to whom the company owe the value,<ref name="Are your HMV gift vouchers worthless?">{{cite news|last=King|first=Mark|title=Are your HMV gift vouchers worthless?|url=https://www.theguardian.com/money/2013/jan/15/are-hmv-gift-vouchers-worthless-administration|accessdate=15 January 2013|date=15 January 2013|location=London|work=The Guardian}}</ref> but were accepted again from 22 January 2013.<ref>{{cite news|url=http://www.bbc.co.uk/news/business-21118711|title= HMV will accept gift vouchers|date=21 January 2013 |publisher=BBC News |accessdate=21 January 2013}}</ref> [[HMV Ireland]] followed by declaring [[receivership]] on 16 January 2013, which required the company under Irish law to close all its stores immediately.<ref name="HMV Ireland goes into receivership"/> |
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HMV sold the [[Hammersmith Apollo]] to [[AEG Live]] and [[Eventim UK|Eventim]] in May 2012 for £32 million.<ref>{{Cite news |date=31 May 2012 |title=Hammersmith Apollo in London sold by HMV to Stage C |work=BBC News |url=https://www.bbc.co.uk/news/uk-england-london-18284304 |access-date=8 October 2012}}</ref> It sold the remainder of MAMA Group to [[Lloyds Development Capital]] in December 2012 for £7.3 million, which also included the company's 50% stake in Mean Fiddler Group.<ref>{{Cite news |last=Anne-Sylvaine Chassany |date=3 December 2012 |title=HMV sells Mama Group music arm to LDC |work=Financial Times |url=http://www.ft.com/cms/s/0/8bd9b3a8-3d6d-11e2-9f35-00144feabdc0.html |access-date=22 January 2013}}</ref> |
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Restructuring firm Hilco UK bought HMV's debt from its creditors [[The Royal Bank of Scotland]] and [[Lloyds Banking Group]], as a step towards potentially taking control of the company.<ref>{{cite news|url=https://www.theguardian.com/business/2013/mar/12/asda-eyes-potential-hmv-bid|title=Asda holds talks over possible bid for HMV|author=Simon Neville|work=The Guardian|date=12 March 2013|accessdate=16 March 2013|location=London}}</ref> It was revealed that the total debt Hilco had bought amounted to around £110 million,<ref>{{cite news|url=https://www.theguardian.com/business/2013/mar/15/fopp-suitors-music-stores-revival|title=Fopp suitors boost hopes of high street music stores revival|author=Simon Bowers|work=The Guardian|date=15 March 2013|accessdate=16 March 2013|location=London}}</ref> and that HMV owed around £20 million in tax to [[HM Revenue and Customs]] at the time of its entry into administration.<ref>{{cite web|url=http://www.thisismoney.co.uk/money/markets/article-2287135/HMV-owed-20m-taxman-collapse-new-figures-show.html|title=HMV owed £109m to bankers and £20m to taxman at collapse, new figures show|author=Alex Hawkes|publisher=This is Money|date=2 March 2013|accessdate=16 March 2013}}</ref> |
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===Administration (2013)=== |
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On 31 January 2013, it was reported that 190 redundancies had been made at the head office and distribution centres.<ref>{{cite news|url=http://www.bbc.co.uk/news/business-21276913 |title=BBC News HMV administrators announce 190 job losses |publisher=BBC News |date=31 January 2013 |accessdate=1 February 2013}}</ref> |
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[[File:HMV, Kirkgate, Wakefield (10th March 2013) 002.JPG|thumb|A branch in [[Wakefield]] closing as part of the group administration (March 2013). This store has since been occupied by [[Waterstones]].]] |
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On 15 January 2013, HMV Group appointed [[Deloitte]] as company [[Administration (law)|administrators]]<ref name="Deloitte UK">{{Cite news |date=15 January 2013 |title=Deloitte appointed administrators to HMV Group plc, HMV Music Ltd, HMV UK Ltd and Fopp Entertainments Ltd |publisher=Deloitte UK |url=http://www.deloitte.com/view/en_GB/uk/services/corporate-finance/93a34f0356f3c310VgnVCM3000003456f70aRCRD.htm |url-status=dead |archive-url=https://web.archive.org/web/20130125063946/http://www.deloitte.com/view/en_GB/uk/services/corporate-finance/93a34f0356f3c310VgnVCM3000003456f70aRCRD.htm |archive-date=25 January 2013}}</ref> and suspended [[Share (finance)|shares]],<ref name="propertymall.com">{{Cite web |title=Propertymall.com |url=http://www.propertymall.com/press/article/30727 |url-status=dead |archiveurl=https://archive.today/20130216162541/http://www.propertymall.com/press/article/30727 |archivedate=16 February 2013 |website=Propertymall.com}}</ref> putting its 4,350 UK employees at the risk of redundancy.<ref name="Deloitte UK" /><ref>{{Cite news |date=16 January 2013 |title=HMV music and film chain to appoint administrator |work=BBC News |url=https://www.bbc.co.uk/news/business-21021073 |access-date=16 January 2013}}</ref> Gift vouchers were initially declared void since holders are classified as unsecured creditors to whom the company owed the value,<ref name="Are your HMV gift vouchers worthless?">{{Cite news |last=King |first=Mark |date=15 January 2013 |title=Are your HMV gift vouchers worthless? |work=The Guardian |location=London |url=https://www.theguardian.com/money/2013/jan/15/are-hmv-gift-vouchers-worthless-administration |access-date=15 January 2013}}</ref> but were accepted again from 22 January 2013.<ref>{{Cite news |date=21 January 2013 |title=HMV will accept gift vouchers |work=BBC News |url=https://www.bbc.co.uk/news/business-21118711 |access-date=21 January 2013}}</ref> |
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Restructuring firm Hilco UK bought HMV's debt from its creditors [[The Royal Bank of Scotland]] and [[Lloyds Banking Group]], as a step towards potentially taking control of the company.<ref>{{Cite news |last=Simon Neville |date=12 March 2013 |title=Asda holds talks over possible bid for HMV |work=The Guardian |location=London |url=https://www.theguardian.com/business/2013/mar/12/asda-eyes-potential-hmv-bid |access-date=16 March 2013}}</ref> It was revealed that the total debt Hilco had bought amounted to around £110 million,<ref>{{Cite news |last=Simon Bowers |date=15 March 2013 |title=Fopp suitors boost hopes of high street music stores revival |work=The Guardian |location=London |url=https://www.theguardian.com/business/2013/mar/15/fopp-suitors-music-stores-revival |access-date=16 March 2013}}</ref> and that HMV owed around £20 million in tax to [[HM Revenue and Customs]] at the time of its entry into administration.{{citation needed|date=June 2020}} |
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On 7 February 2013 Deloitte confirmed that 66 stores had been identified for closure.<ref>{{cite web|url=http://www.deloitte.com/view/en_GB/uk/news/news-releases/3bc052aa024bc310VgnVCM2000003356f70aRCRD.htm | title=Deloitte press release – Together "HMV" or "the Companies" – in administration – update |date=7 February 2013 |accessdate=7 February 2013}}</ref> No fixed date was given for the closures but they were expected to take place in the following two months. The next day, Deloitte confirmed that an additional 60 redundancies, including the chief executive Trevor Moore, had been made at the group's head offices in London, Marlow and Solihull.<ref>{{cite news |title=HMV boss Trevor Moore made redundant |url=http://www.bbc.co.uk/news/business-21390535 |publisher=BBC News |date=8 February 2013 |accessdate=9 February 2013}}</ref> Deloitte confirmed on 20 February 2013 that an additional 37 stores would close.<ref>{{cite news |title=HMV to close 37 more stores in UK |url=http://www.bbc.co.uk/news/business-21517862 |publisher=BBC News |date=20 February 2013 |accessdate=21 February 2013}}</ref> On 26 February 2013, 6 stores were sold to supermarket chain [[Morrisons]].<ref>{{cite web|last=Taylor |first=Gemma |url=http://www.retailgazette.co.uk/articles/13134-morrisons-acquires-6-hmv-stores |title=Morrisons acquires 6 HMV stores |work=Retail Gazette |date=26 February 2013 |accessdate=2 September 2013}}</ref> |
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On 31 January 2013, it was reported that 190 redundancies had been made at the head office and distribution centres.<ref>{{Cite news |date=31 January 2013 |title=BBC News HMV administrators announce 190 job losses |work=BBC News |url=https://www.bbc.co.uk/news/business-21276913 |access-date=1 February 2013}}</ref> |
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By 23 March 2013, Deloitte were seeking to complete a deal to sell 120 stores as a going concern.<ref>{{cite news |title=Hilco in talks with suppliers about securing HMV deal |author=Graham Ruddick |url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9950128/Hilco-in-talks-with-suppliers-about-securing-HMV-deal.html |newspaper=The Daily Telegraph |date=23 March 2013 |accessdate=28 March 2013 |location=London}}</ref> The decision to close several stores that had previously been identified for closure, including Stockport and Grimsby,<ref>{{cite news |title=Grimsby HMV store is saved from closure |url=http://www.thisisgrimsby.co.uk/Grimsby-HMV-store-saved-closure/story-18532739-detail/story.html |newspaper=Grimsby Telegraph |date=27 March 2013 |accessdate=28 March 2013}}</ref> were reversed following talks with landlords.<ref>{{cite news |title=Stockport HMV given reprieve |author=James Ferguson |url=http://www.manchestereveningnews.co.uk/business/business-news/hmv-store-been-scheduled-closure-2013890 |newspaper=Manchester Evening News |date=27 March 2013 |accessdate=28 March 2013}}</ref> |
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On 7 February 2013, Deloitte confirmed that 66 shops had been identified for closure.<ref>{{Cite web |date=7 February 2013 |title=Deloitte press release – Together "HMV" or "the Companies" – in administration – update |url=http://www.deloitte.com/view/en_GB/uk/news/news-releases/3bc052aa024bc310VgnVCM2000003356f70aRCRD.htm |access-date=7 February 2013 |archive-date=14 July 2014 |archive-url=https://web.archive.org/web/20140714160317/http://www.deloitte.com/view/en_GB/uk/news/news-releases/3bc052aa024bc310VgnVCM2000003356f70aRCRD.htm |url-status=dead }}</ref> No fixed date was given for the closures but they were expected to take place in the following two months. The next day, Deloitte confirmed that an additional 60 redundancies, including the chief executive Trevor Moore, had been made at the group's offices in London, Marlow and Solihull.<ref>{{Cite news |date=8 February 2013 |title=HMV boss Trevor Moore made redundant |work=BBC News |url=https://www.bbc.co.uk/news/business-21390535 |access-date=9 February 2013}}</ref> Deloitte confirmed on 20 February 2013 that an additional 37 shops would close.<ref>{{Cite news |date=20 February 2013 |title=HMV to close 37 more shops in UK |work=BBC News |url=https://www.bbc.co.uk/news/business-21517862 |access-date=21 February 2013}}</ref> On 26 February 2013, six shops were sold to supermarket chain [[Morrisons]].<ref>{{Cite web |last=Taylor |first=Gemma |date=26 February 2013 |title=Morrisons acquires 6 HMV stores |url=http://www.retailgazette.co.uk/articles/13134-morrisons-acquires-6-hmv-stores |access-date=2 September 2013 |website=Retail Gazette}}</ref> |
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===Hilco ownership=== |
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[[File:HMV Oxford Street by Alex Liivet.jpg|thumb|HMV reopened its original store in Oxford Street in October 2013.]] |
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On 5 April 2013, Hilco UK announced that it had acquired HMV, taking the company out of administration and saving 141 of its stores and around 2,500 jobs. The total included 25 stores that had previously been selected for closure by Deloitte during the administration process. All 9 Fopp stores which HMV owned were also included in the purchase. Hilco also stated that it hoped to reopen an HMV store in Ireland following the closure of all stores in the country.<ref name="Hilco 2">{{cite press release|url=http://www.hilcouk.com/hilco-completes-acquisition-of-hmv/ |title=Hilco completes acquisition of HMV |publisher=Hilco UK |date=5 April 2013 |accessdate=5 April 2013}}</ref> The takeover deal was estimated at around £50 million.<ref name="Hilco"/> |
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On 28 February 2013, eight shops in Hong Kong and Singapore were sold to AID Partners Capital Limited and the operation then became independent from HMV Group that was bought by Hilco UK. This transaction also enabled AID Partners Capital Limited to own the rights to use the HMV brand in Hong Kong, Macau, China, Taiwan and Singapore.<ref>{{Cite web|date=28 February 2013|title=BRIEF-Administrators to HMV sell Hong Kong, Singapore stores|url=https://www.reuters.com/article/hmv-brief-idUSWLA0076H20130228|access-date=10 November 2021|website=[[Reuters]]}}</ref> |
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On 9 June 2013 it was confirmed that [[Hilco]] Capital Ireland had purchased HMV Ireland, and would reopen five stores within six weeks.<ref>{{cite news|last=Burke |first=Roisin |url=http://www.independent.ie/business/irish/hmv-stores-set-to-reopen-with-4m-investment-and-100-jobs-29330834.html |title=HMV stores set to re-open with €4m investment and 100 jobs |work=The Irish Independent |date=9 June 2013 |accessdate=2 September 2013}}</ref> |
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By 23 March 2013, Deloitte was seeking to complete a deal to sell 120 shops as a going concern.<ref>{{Cite news |last=Graham Ruddick |date=23 March 2013 |title=Hilco in talks with suppliers about securing HMV deal |work=The Daily Telegraph |location=London |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9950128/Hilco-in-talks-with-suppliers-about-securing-HMV-deal.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9950128/Hilco-in-talks-with-suppliers-about-securing-HMV-deal.html |archive-date=12 January 2022 |url-access=subscription |url-status=live |access-date=28 March 2013}}{{cbignore}}</ref> The decision to close several shops that had previously been identified for closure were reversed following talks with landlords.<ref>{{Cite news |last=James Ferguson |date=27 March 2013 |title=Stockport HMV given reprieve |work=Manchester Evening News |url=http://www.manchestereveningnews.co.uk/business/business-news/hmv-store-been-scheduled-closure-2013890 |access-date=28 March 2013}}</ref> |
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The company moved its flagship [[Oxford Street]] store back to the original unit on 363 Oxford Street on 23 October 2013.<ref>{{cite news|last1=Howie|first1=Michael|title=HMV to reopen legendary Oxford Street flagship store|url=http://www.standard.co.uk/news/london/hmv-to-reopen-legendary-oxford-street-flagship-store-8843423.html|accessdate=23 March 2015|work=London Evening Standard|date=27 September 2013}}</ref> HMV's existing store, itself the largest music store in the world, closed on 14 January 2014.<ref>{{cite news|last1=Shaikh|first1=Thair|title=HMV closes historic Oxford Street store|url=http://www.independent.co.uk/news/business/news/hmv-closes-historic-oxford-street-store-9056780.html|accessdate=23 March 2015|work=The Independent|date=14 January 2014}}</ref> |
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By 21 March 2016, China 3D Digital Entertainment Limited acquired HMV Hong Kong operations from AID Partners Capital Limited, later renamed to HMV Digital China Group Limited.{{citation needed|date=November 2020}} |
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By 2014, HMV had gained the second highest share of the UK entertainment market, behind [[Amazon.com|Amazon]].<ref name=Ruddick>{{cite news|last1=Ruddick|first1=Graham|title=HMV reclaims second place in entertainment market from Tesco|url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11008951/HMV-reclaims-second-place-in-entertainment-market-from-Tesco.html|accessdate=22 March 2015|work=The Telegraph|date=4 August 2014}}</ref> The company's filing to [[Companies House]] in September 2014 revealed it had made a profit of £17 million in the 11 months since it had entered administration.<ref>{{cite news|last1=Marlow|first1=Ben|title=HMV stages £17m comeback|url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11125772/HMV-stages-17m-comeback.html|accessdate=22 March 2015|work=The Telegraph|date=27 September 2014}}</ref> In January 2015, HMV overtook Amazon to become the largest retailer of physical music in the UK.<ref>{{cite news|last1=Ruddick|first1=Graham|title=HMV reclaims its position as Britain's biggest music retailer|url=http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11348287/HMV-reclaims-its-position-as-Britains-biggest-music-retailer.html|accessdate=23 March 2015|work=The Telegraph|date=16 January 2015}}</ref> |
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===Hilco ownership (2013–2019)=== |
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==Operations== |
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[[File:HMV Oxford Street by Alex Liivet.jpg|thumb|HMV reopened its original shop at 363 Oxford Street (previously Foot Locker until 2010) in October 2013. This shop was closed on 5 February 2019 following the purchase of HMV by Sunrise Records. The location was later turned into Candy World in 2022, and then finally House of Candy.]] |
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{{details|List of international HMV operations}} |
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On 5 April 2013, Hilco UK announced that it had acquired HMV, taking the company out of administration and saving 141 of its shops and around 2,500 jobs. The total included 25 shops that had previously been selected for closure by Deloitte during the administration process. All nine Fopp shops which HMV owned were also included in the purchase. The takeover deal was estimated at £50 million.<ref name="Hilco" /> |
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As of August 2014, HMV has 125 stores across the United Kingdom,<ref name=Ruddick/> HMV also operate eight stores in the UK under the Fopp brand. Following the purchase by Hilco UK, it was reported that the company was seeking to reduce the number of store staff across the business, as part of an effort to save £7.8 million on the wages budget. Stores would lose security staff, cashiers and supervisors, with managers required to provide cover.<ref>{{cite web |url=http://www.mcvuk.com/news/read/hilco-to-cut-400-hmv-jobs-report/0114090 |title=Hilco to cut 400 jobs – report |author=Ben Parfitt |date=15 April 2013 |publisher=MCV |accessdate=17 April 2013}}</ref> As of August 2016, All HMV stores in Ireland had closed down and replced with an online store.<ref>{{cite news |date=10 July 2016 |title=Remaining Irish HMV stores to shut within months as retailer takes on Netflix giant |url=http://www.independent.ie/business/irish/remaining-irish-hmv-stores-to-shut-within-months-as-retailer-takes-on-netflix-giant-34869715.html |last=Pakinkis |first=Tom |newspaper=Irish Independant |accessdate=23 March 2015}}</ref> |
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Following the purchase by Hilco UK, it was reported that the company was seeking to reduce the number of shop staff across the business, as part of an effort to save £7.8 million on the wages budget. Shops would lose security staff, cashiers and supervisors, with managers required to provide cover.<ref>{{Cite web |last=Ben Parfitt |date=15 April 2013 |title=Hilco to cut 400 jobs – report |url=http://www.mcvuk.com/news/read/hilco-to-cut-400-hmv-jobs-report/0114090 |access-date=17 April 2013 |publisher=MCV}}</ref> |
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[[File:Hmvcurzon1.jpg|thumb|upright|HMV Curzon store in Wimbledon, London]] |
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HMV established a joint venture with [[Curzon Cinemas]] in October 2009 as part of chief executive Simon Fox's plan to bring cinemas to HMV and Waterstone's stores across England. The first trial cinema opened above the existing HMV store in [[Wimbledon, London|Wimbledon]], in a former storage room converted into three separate screens and a bar. It has its own entrance, allowing access outside store hours, and one within the store. The trial was deemed a success, and it had been planned to open additional cinemas in HMV's Cheltenham store, and Waterstone's in [[Piccadilly]], London.<ref>{{cite news |url=https://www.theguardian.com/business/2009/oct/25/hmv-curzon-artificial-eye-cinemas|title=HMV cinemas: coming to a high street near you|date=25 October 2009 |accessdate=15 January 2009 | location=London |work=The Guardian |first=Zoe |last=Wood}}</ref> |
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HMV launched a music download service in October 2013 (www.hmvdigital.com), provided by 7digital,<ref>{{Cite web |title=HMV |url=http://about.7digital.com/our-work/hmv |url-status=dead |archive-url=https://archive.today/20150427075534/http://about.7digital.com/our-work/hmv |archive-date=27 April 2015 |access-date=23 March 2015 |publisher=7digital}}</ref> which includes [[iOS]] and [[Android (operating system)|Android]] apps.<ref>{{Cite magazine |last=Collins |first=Katie |date=17 October 2013 |title=HMV stages comeback with launch of digital download service and apps |url=https://www.wired.co.uk/news/archive/2013-10/17/hmv-digital-download-service |access-date=23 March 2015 |magazine=Wired}}</ref> |
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In June 2015, HMV relaunched an online store to accompany its existing music download service.<ref>{{cite news|last1=Stassen|first1=Murray|title=HMV relaunches web store|url=http://www.musicweek.com/news/read/hmv-launches-web-store-again/062123|accessdate=5 July 2015|work=Music Week|date=22 June 2015}}</ref> |
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The company moved its flagship [[Oxford Street]] shop back to the original site at 363 Oxford Street on 23 October 2013.<ref>{{Cite news |last=Howie |first=Michael |date=27 September 2013 |title=HMV to reopen legendary Oxford Street flagship shop |work=London Evening Standard |url=https://www.standard.co.uk/news/london/hmv-to-reopen-legendary-oxford-street-flagship-store-8843423.html |access-date=23 March 2015}}</ref> HMV's existing flagship shop at 150–154 Oxford Street, formerly the largest music shop in the world, closed on 14 January 2014.<ref>{{Cite news |last=Shaikh |first=Thair |date=14 January 2014 |title=HMV closes historic Oxford Street store |work=The Independent |url=https://www.independent.co.uk/news/business/news/hmv-closes-historic-oxford-street-store-9056780.html |access-date=23 March 2015}}</ref> |
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Independently of the UK operations, one store in Singapore and five in Hong Kong trade under the HMV brand, and are owned by the private equity firm AID Partners.<ref name=Asia>{{cite news |title=HMV administrators sell Asia shops |url=http://www.bbc.co.uk/news/business-21615806 |publisher=BBC News |date=28 February 2013 |accessdate=26 February 2013}}</ref> Stores also trade as HMV in Canada, under the ownership of Hilco UK, although the Canadian business has been a separate entity since it was sold to Hilco in 2011. |
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By 2014, HMV had gained the second highest share of the UK entertainment market, behind [[Amazon (company)|Amazon]].<ref name="Ruddick">{{Cite news |last=Ruddick |first=Graham |date=4 August 2014 |title=HMV reclaims second place in entertainment market from Tesco |work=The Telegraph |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11008951/HMV-reclaims-second-place-in-entertainment-market-from-Tesco.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11008951/HMV-reclaims-second-place-in-entertainment-market-from-Tesco.html |archive-date=12 January 2022 |url-access=subscription |url-status=live |access-date=22 March 2015}}{{cbignore}}</ref> The company's filing to [[Companies House]] in September 2014 revealed it had made a profit of £17 million in the 11 months since it had entered administration.<ref>{{Cite news |last=Marlow |first=Ben |date=27 September 2014 |title=HMV stages £17m comeback |work=The Telegraph |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11125772/HMV-stages-17m-comeback.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11125772/HMV-stages-17m-comeback.html |archive-date=12 January 2022 |url-access=subscription |url-status=live |access-date=22 March 2015}}{{cbignore}}</ref> In January 2015, HMV overtook Amazon to become the largest retailer of physical music in the UK.<ref>{{Cite news |last=Ruddick |first=Graham |date=16 January 2015 |title=HMV reclaims its position as Britain's biggest music retailer |work=The Telegraph |url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11348287/HMV-reclaims-its-position-as-Britains-biggest-music-retailer.html |archive-url=https://ghostarchive.org/archive/20220112/https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11348287/HMV-reclaims-its-position-as-Britains-biggest-music-retailer.html |archive-date=12 January 2022 |url-access=subscription |url-status=live |access-date=23 March 2015}}{{cbignore}}</ref> |
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==Product range== |
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HMV stores stock a range of products including [[Music|audio]], books, [[Blu-ray disc]]s, CDs, [[DVDs]], video games, as well as an increasing range of |
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movie, television and music merchandise. |
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HMV relaunched its online shop in June 2015, providing CDs, DVDs, Blu-ray Discs, and LP records for online order and home delivery with exclusive stock also available.<ref>{{Cite news |last=Vizard |first=Sarah |date=18 June 2015 |title=HMV looks to bring high street experience online with new ecommerce site |url=https://www.marketingweek.com/2015/06/18/hmv-looks-to-bring-high-street-experience-online-with-new-ecommerce-site/ |access-date=20 January 2019 |work=Marketing Week}}</ref> |
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The company launched a music download service in October 2013 (www.hmvdigital.com), provided by 7digital,<ref>{{cite web|title=HMV|url=http://about.7digital.com/our-work/hmv|publisher=7digital|accessdate=23 March 2015}}</ref> which includes [[iOS]] and [[Android (operating system)|Android]] apps.<ref>{{cite news|last1=Collins|first1=Katie|title=HMV stages comeback with launch of digital download service and apps|url=http://www.wired.co.uk/news/archive/2013-10/17/hmv-digital-download-service|accessdate=23 March 2015|work=Wired|date=17 October 2013}}</ref> |
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In June 2015, HMV relaunched an online shop to accompany its existing music download service.<ref>{{Cite news |last=Stassen |first=Murray |date=22 June 2015 |title=HMV relaunches web store |url=http://www.musicweek.com/news/read/hmv-launches-web-store-again/062123 |access-date=5 July 2015 |work=Music Week}}</ref> |
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The company relaunched its online store in June 2015, providing CDs, DVDs, Blu-ray Discs, and LP records for online order and home delivery via Royal Mail with exclusive stock also available. |
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However, the originally safe shops of York, Soilhull, Portsmouth and Belfast would shut. |
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==Loyalty programme== |
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HMV operate a loyalty scheme branded as "pure HMV", first launched in August 2003, but subsequently closed and relaunched in 2008.<ref>{{cite web |url=http://www.billboard.biz/bbbiz/content_display/industry/e3i935003166745e37d3e62fdb3722b6af0 |title=HMV Plans Reward Card Roll Out |publisher=HMV |date=30 December 2008 |accessdate=15 January 2009}}</ref> The scheme awards cardholders points for purchases, which can be collected and redeemed on a number of rewards including vouchers and memorabilia. |
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=== Sunrise ownership (2019–present) === |
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On 1 September 2008, HMV launched "Get Closer", a social networking site allowing users to import their own music library, rivalling other providers including [[online music store]]s [[Napster (pay service)|Napster]] and the [[iTunes Store]].<ref>{{cite news |url=http://www.telegraph.co.uk/finance/markets/2789004/HMV-tries-to-Get-Closer-with-social-networking-test.html |title=HMV tries to Get Closer with social networking test |work=The Daily Telegraph |date=26 April 2008 |accessdate=15 January 2009 | location=London | first=James | last=Hall}}</ref> The site was closed in September 2009.<ref>{{cite web |url=http://www.pocket-lint.com/news/26942/hmv-shutters-getcloser-social-network |title=HMV shutters GetCloser.com social network |author=Duncan Geere |date=7 September 2009 |publisher=Pocket-lint |accessdate=2 November 2012}}</ref> |
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[[File:First floor, HMV, Lands Lane, Leeds (6th March 2019).jpg|thumb|right|Interior of HMV on Lands Lane in Leeds in 2019.]] |
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On 28 December 2018, HMV confirmed it had again been placed into [[Administration (law)|administration]]. Hilco UK cited the "tsunami" of retail competition as the reason for the move.<ref>{{Cite news |title=HMV calls in administrators for second time in six years |work=BBC News |date=28 December 2018 |url=https://www.bbc.co.uk/news/business-46699290 |access-date=28 December 2018 }}</ref> On 5 February 2019, Canadian record shop chain [[Sunrise Records (retailer)|Sunrise Records]] announced its acquisition of HMV Retail Ltd. from Hilco UK for an undisclosed amount. Sunrise had previously acquired the leases for over 70 HMV locations in Canada after [[HMV Canada]] entered receivership, which expanded the [[Ontario]]-based retailer into a national chain. Sunrise plans to maintain the HMV chain and five Fopp shops, but immediately closed 27 locations, including the flagship Oxford Street branch and other locations with high rent costs.<ref name=":0" /> |
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Company founder [[Doug Putman]] stated that he planned to increase the chain's emphasis on vinyl phonograph sales as part of the turnaround plan: Sunrise's leverage of the [[vinyl revival]] had helped bolster the Canadian locations' performance after the shops' transitions from HMV, having sold at least 500,000 vinyl LPs in 2017 alone. Putman argued that, despite the growth of digital music sales and streaming, "talk about the demise of the physical business is sometimes a bit exaggerated, especially in music specialists. Most of the decline is coming from nontraditional sellers like the grocery chains. We'll be here for quite some time."<ref>{{Cite web |last=Evans |first=Pete |title=Canada's Sunrise Records swoops in to buy British music store chain HMV out of bankruptcy |url=https://www.cbc.ca/news/business/sunrise-records-hmv-1.5006110|website=Cbc.ca |access-date=5 February 2019}}</ref><ref name="fyi-sunrisehmv">{{Cite web |title=Sunrise Records Goes National With HMV's Demise |url=http://www.fyimusicnews.ca/articles/2017/02/27/sunrise-records-goes-national-hmvs-demise |access-date=27 February 2017 |website=FYI Music News |date=27 February 2017 |archive-date=28 February 2017 |archive-url=https://web.archive.org/web/20170228083325/http://www.fyimusicnews.ca/articles/2017/02/27/sunrise-records-goes-national-hmvs-demise |url-status=dead }}</ref><ref name=":0">{{Cite news |last1=Monaghan |first1=Angela |last2=Butler |first2=Sarah |date=5 February 2019 |title=HMV reveals which 27 stores have closed after sale to Canadian music boss |work=The Guardian |url=https://www.theguardian.com/business/2019/feb/05/hmv-bought-doug-putman-stores-jobs |access-date=5 February 2019 |issn=0261-3077}}</ref> |
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On 25 February 2019, the ''Financial Times'' reported that the Sunrise acquisition was valued at £883,000. Following subsequent negotiations with its landlords, by late-February, HMV reopened 13 of its shops (including one Fopp shop).<ref>{{Cite news |title=Sunrise Records paid £883000 for HMV |url=https://www.ft.com/content/e3d567c6-38ef-11e9-b856-5404d3811663 |access-date=28 February 2019 |website=Financial Times|date=25 February 2019 |last1=Eley |first1=Jonathan }}{{subscription required}}</ref><ref>{{Cite web |last=Hope |first=Fiona |title=HMV brings back nine shuttered stores |url=https://www.psneurope.com/business/hmv-brings-back-stores |access-date=28 February 2019 |website=PSNEurope|date=25 February 2019 }}</ref><ref>{{Cite web |title=hmv stores: Details of Re-Openings... |url=https://www.hmv.com/music/hmv-stores-re-opening |website=HMV |access-date=9 March 2019 |archive-date=1 January 2020 |archive-url=https://web.archive.org/web/20200101025827/https://www.hmv.com/music/hmv-stores-re-opening |url-status=dead }}</ref> |
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The store in Belfast which had previously re-opened up in March 2014 after a £1 million pound refurbishment, was threatened with closure in February 2019. However, a deal was reached with [[Frasers Group]] which allowed the shop to continue trading.<ref>{{Cite web |title=HMV to open revamped Belfast store |url=http://www.newsletter.co.uk/news/business/hmv-to-open-revamped-belfast-store-1-5962606 |access-date=6 October 2017 |website=newsletter.co.uk}}</ref><ref>{{Cite news |title=HMV to play on at Belfast store as agreement reached with landlord |url=https://www.belfasttelegraph.co.uk/business/northern-ireland/hmv-to-play-on-at-belfast-store-as-agreement-reached-with-landlord-37970730.html |access-date=5 August 2019 |work=The Belfast Telegraph |issn=0307-1235}}</ref> |
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In October 2019, the new owners opened the HMV Vault on Dale End, [[Birmingham]], billed as Europe's biggest entertainment shop and stocking tens of thousands of CDs and vinyl records and other products.<ref>{{Cite web|url=https://www.theguardian.com/business/2019/oct/11/hmv-vault-europes-biggest-entertainment-store-birmingham|title=HMV to open Europe's biggest entertainment store in Birmingham|website=[[TheGuardian.com]]|date=11 October 2019}}</ref> |
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[[File:HMVYonge.JPG|thumb|An HMV shop in Toronto]] |
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==== COVID-19 pandemic and 100th birthday (2020–2021) ==== |
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From 22 March to 15 June, and then from 5 November to 2 December 2020 and from 4 January 2021 to 12 April 2021 (in England), all HMV shops were closed because of the [[COVID-19 pandemic in the United Kingdom|COVID-19 pandemic]].<ref>{{Cite news |title=HMV stores to shut from end of Sunday |url=https://www.northantstelegraph.co.uk/news/people/hmv-stores-shut-end-sunday-2504943 |website=Northantstelegraph.co.uk}}</ref> |
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Into the 2020s, HMV began opening new and relocated shops, including in locations which previously had HMV branches that had earlier shut, such as [[Solihull]].<ref>{{Cite web|url=https://www.birminghammail.co.uk/whats-on/shopping/hmv-solihull-among-7-new-21126879|title=7 new shops to visit in Solihull town centre|first=Emily|last=Collis|date=24 July 2021|website=Birminghammail.co.uk|access-date=24 August 2023}}</ref> In some cases these new outlets were opened in shops vacated by the demise of other retail chains, particularly [[Arcadia Group]], with an HMV shop opened in [[Dunfermline]] premises previously occupied by [[Burton (retailer)|Burton Menswear]] and [[Dorothy Perkins]],<ref>{{Cite web|url=https://www.fifetoday.co.uk/business/hmv-announces-opening-date-of-new-fife-store-3848224|title=HMV announces opening date of new Fife store|website=Fifetoday.co.uk|access-date=24 August 2023}}</ref> a return to [[Broadway Shopping Centre, Bexleyheath]] – again in former Burton/Perkins premises – nine years after the closure of their previous shop in the town,<ref>{{Cite web|url=https://www.newsshopper.co.uk/news/10306180.bexleyheath-hmv-set-to-close-today/|title=Bexleyheath HMV set to close today|date=21 March 2013|website=Newsshopper.co.uk|access-date=24 August 2023}}</ref> and a relocation in [[Wigan]] from a smaller prior site to larger premises vacated by [[Topshop]]/[[Topman]].<ref>{{Cite web|url=https://www.wigantoday.net/business/new-and-improved-wigan-hmv-store-opens-its-doors-3646615|title=New and improved Wigan HMV store opens its doors|website=Wigantoday.net|access-date=24 August 2023}}</ref> |
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In July 2021, HMV celebrated its 100th birthday. In celebration, the firm released 37 limited edition vinyl albums.<ref>{{Cite web|url=https://www.officialcharts.com/chart-news/hmv-reveal-full-line-up-for-their-centenary-vinyl-exclusives-day-on-july-24__33499/|title = HMV reveal full line-up for their Centenary Vinyl 'Exclusives Day'|website = [[OfficialCharts.com]]}}</ref> A 100 track CD compilation entitled ''Now That's What I Call HMV'' was also released. The album was only available to buy at HMV shops, and online on HMV's website, plus [[eBay]]. |
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In 2021, the company began to rebrand, using the motto "The HMV Shop" for shopfronts and social media, the previous logo is still used in most shops (including the flagship HMV Vault shop), and the website.<ref>{{Cite web |last=Hodgson |first=Barbara |date=2021-10-02 |title=HMV reopens at Metrocentre with whole new arty vibe |url=https://www.chroniclelive.co.uk/whats-on/shopping/hmv-reopens-metrocentre-whole-new-21733258 |access-date=2023-08-24 |website=ChronicleLive |language=en}}</ref> |
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[[File:HMV Oxford Circus opening 2.jpg|thumb|The Oxford Street shop re-opened in November 2023 after four years of closure.]] |
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In April 2023 it was confirmed that HMV had signed up to reopen a new-format shop in their original home at 363 Oxford Street after four years away,<ref>{{Cite web|url=https://www.bbc.com/news/uk-england-london-65417131|title=HMV's flagship Oxford Street store to reopen|date=28 April 2023|access-date=24 August 2023|website=Bbc.co.uk}}</ref> during which time the premises had been occupied temporarily by "American candy" outlets, along with other vacated shops on the street.<ref>{{Cite web|url=https://www.timeout.com/london/news/hmvs-flagship-oxford-street-store-has-turned-into-an-american-candy-shop-022222|title=HMV's flagship Oxford Street shop has turned into an American candy store|first=Chiara|last=Wilkinson|date=5 April 2022|website=Time Out London|access-date=24 August 2023}}</ref> This will be, following runs from 1921 to 2000 and 2013–2019, HMV's third stint at 363 Oxford Street. |
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On 18 May 2023, Sunrise Records announced HMV would re-enter the Irish market again with a shop on Dublin's Henry Street, in a unit previously occupied by the company during their first incarnation. The shop opened on 30 June 2023.<ref>{{cite web | url=https://www.businesspost.ie/legacy/hmv-reopens-for-business-on-dublins-henry-st/ | title=HMV reopens for business on Dublin's Henry St }}</ref><ref>{{cite web | url=https://m.independent.ie/regionals/dublin/dublin-news/music-fans-queue-from-8am-as-hmv-reopens-first-store-in-almost-a-decade/a673226385.html | title=Music fans queue from 8am as HMV reopens first store in almost a decade | date=30 June 2023 }}</ref> |
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On 21 July 2024, Phil Halliday, the managing director of HMV announced; that there was an increase of customers buying physical media formats of films and television shows commercially released on DVD and Blu-ray.<ref>{{cite web |url=https://www.bbc.co.uk/news/articles/c99wngrw4nxo.amp |title=HMV boss says more people buying DVDs and Blu-ray|work=BBC News |last=Race |first=Michael |date=21 July 2024 |access-date=25 July 2024 |archive-date=22 July 2024 |archive-url=https://web.archive.org/web/20240722195945/https://www.bbc.co.uk/news/articles/c99wngrw4nxo.amp |url-status=live }}</ref> |
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==International operations== |
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[[File:Exposition du MOEB.jpg|thumb|3D Nipper Model in Musée des ondes Emile Berliner ]] |
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=== Belgium (2023–present) === |
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In November 2023, Sunrise Records announced that HMV would expand into Belgium.<ref>{{Cite web |date=2023-11-23 |title=[In the picture] HMV opens first store in Belgium |url=https://www.retaildetail.eu/news/leisure/in-the-picture-hmv-opens-first-store-in-belgium/ |access-date=2024-09-23 |website=RetailDetail EU |language=en-US}}</ref> In March 2024, it was announced HMV would open its second Belgian location.<ref>{{Cite web |last=Times |first=The Brussels |title=Iconic British music store HMV opens second Belgian branch in Brussels |url=https://www.brusselstimes.com/985947/iconic-british-music-store-hmv-opens-second-belgian-branch-in-brussels |access-date=2024-09-23 |website=www.brusselstimes.com |language=en}}</ref> |
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=== Canada (1986–2017, 2024–present) === |
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In 1986, [[EMI|EMI Music Canada]] purchased the Mister Sound chain.{{citation needed|date=August 2024}} EMI then attempted to rebrand the sites as [[His Master's Voice]] stores, but were not granted the rights from [[RCA Records|RCA]] who own the rights to 'His Master's Voice in the U.S. and Canada.{{citation needed|date=August 2024}} However, EMI were not prevented from using just the 'HMV' initials, which were sometimes initialised to "Hot Music Values" in radio and television commercials in the 1990s.{{citation needed|date=August 2024}} |
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In 1991, EMI opened HMV Canada's flagship store at 333 [[Yonge Street]] in Toronto.{{citation needed|date=August 2024}} The flagship store hosted in-store concerts from [[Sean Combs|Puff Daddy]], [[D'Angelo]], [[Green Day]], [[Foxy Brown (rapper)|Foxy Brown]], [[Ramones]], [[Guns N' Roses]], [[Backstreet Boys]], and [[NSYNC]]. A concert hosted by the [[Red Hot Chili Peppers]] had the Yonge and Edward Street intersection closed off.<ref name="tstar">{{cite web |date=April 14, 2017 |title=HMV's landmark Yonge St. store signs off, leaving a wistful few feeling bereft – The Star |url=https://www.thestar.com/news/gta/2017/04/14/hmvs-landmark-yonge-st-store-signs-off-leaving-a-wistful-few-feeling-bereft.html |website=Toronto Star}}</ref><ref name="now">{{cite web |last=Berman |first=Stuart |date=April 13, 2017 |title=Goodbye, HMV on Yonge Street |url=https://nowtoronto.com/enwiki/api/content/50c79d9a-1ee4-11e7-813e-0aea2a882f79/ |website=NOW Magazine}}</ref> The Yonge Street store was also notable for promoting local [[indie music]] scene by giving unsigned bands prominent shelf space on the ground floor, as well as hosting in-store concerts and events with Toronto bands.<ref name="now" /> |
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The retailer also occupied a two-level, 20,000 square foot store in [[West Edmonton Mall]] which included an event stage (known as the Phase IV Stage) in front of the store. The Phase IV Stage often hosted musical performances or autograph signings by artists who were making tour stops in Edmonton.<ref>{{cite web |title=Sunrise Records set to take over HMV's West Edmonton Mall location - Edmonton | Globalnews.ca |url=https://globalnews.ca/news/3277451/sunrise-records-set-to-take-over-hmvs-west-edmonton-mall-location/}}</ref> |
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In June 2010, HMV Canada launched purehmv, a customer rewards program that offered store discounts and exclusive items across music, film, and gaming in exchange for points gained in-store.<ref name="cnw">{{cite web |date=June 14, 2010 |title=hmv gets customers closer to the stuff they love with new rewards program |url=http://www.newswire.ca/en/releases/archive/June2010/14/c4248.html/ |access-date=November 30, 2010 |publisher=newswire.ca}}</ref> Over 300,000 customers joined the program in its first four months.<ref name="paybusiness">{{cite web |date=November 22, 2010 |title=More than 300,000 customers join HMV's customer loyalty program in first four months |url=http://www.paymentsbusiness.ca/News/Nov2210_hmv.htm/ |url-status=dead |archive-url=https://web.archive.org/web/20101231163921/http://www.paymentsbusiness.ca/News/Nov2210_hmv.htm |archive-date=December 31, 2010 |access-date=November 30, 2010 |publisher=paymentsbusiness.ca}}</ref> |
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In June 2011, HMV Canada sold its stores for £2 million to [[Hilco Capital]], a British firm specialising in retail restructuring.<ref>{{cite news |author=Amanda Andrews |author2=Matthew Holehouse |date=June 27, 2011 |title=HMV confirms sale of stores in Canada for £2m |url=https://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8600295/HMV-confirms-sale-of-stores-in-Canada-for-2m.html |newspaper=[[The Daily Telegraph]] |location=London}}</ref> |
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In late 2011, HMV Canada announced closures of its [[Downtown Vancouver]] and [[Richmond Centre (mall)|Richmond Centre]] stores.<ref name="HMV plans to close Robson Street Store in January 2012 along with another location in the mall of Richmond_Centre">[https://web.archive.org/web/20120117184316/http://www.vancouversun.com/business/Music+retailer+close+stores+January/5656683/story.html Music retailer HMV to close stores in January<!-- Bot generated title -->]. ''The Vancouver Sun''.</ref> |
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By 2012, HMV had 113 stores in Canada, down from 121 when it was sold by HMV Group. However, Hilco Capital opened several new stores, including one in Peter Pond Mall in Fort McMurray.<ref>{{Cite web |title=HMV opens in Peter Pond mall | Fort McMurray Today |url=http://www.fortmcmurraytoday.com/2013/10/03/hmv-opens-in-peter-pond-mall |url-status=dead |archive-url=https://web.archive.org/web/20140811033807/http://www.fortmcmurraytoday.com/2013/10/03/hmv-opens-in-peter-pond-mall |archive-date=August 11, 2014 |access-date=July 26, 2014}}</ref> In late 2012, Hilco Capital reported they were successful at restructuring HMV Canada, and that there were no plans to cease operations.<ref>{{Cite web |title=Canadian HMV not impacted by British version's demise - Business - CBC News |url=http://www.cbc.ca/news/business/canadian-hmv-not-impacted-by-british-version-s-demise-1.1336912 |url-status=dead |archive-url=https://web.archive.org/web/20150511232329/http://www.cbc.ca/news/business/canadian-hmv-not-impacted-by-british-version-s-demise-1.1336912 |archive-date=May 11, 2015 |access-date=July 26, 2014}}</ref> As part of its strategy, HMV Canada focused on growing back-catalogue music and movies not found at discount rivals, while also carrying higher-margin merchandise like gifts, collectibles, clothing and headphones, while removing video games and technology hardware from sale.{{citation needed|date=August 2024}} |
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By January 2017, the company had $39 million in debt, after running at a loss since 2014.{{citation needed|date=August 2024}} Hilco Capital stated that financial difficulties, combined with decreasing sales, meant the current situation was not sustainable. On January 27, 2017, HUK 10 Ltd., the [[shell company]] owned by Hilco employee, business partner of Nick Williams, and owner of HMV UK, Paul McGowan sued HMV Canada in the Ontario Superior Court.<ref>https://document-api-images-prod.s3.eu-west-1.amazonaws.com/docs/acBXHBVuLpAXPkxFhzQ-fpzK7jwgim0mrZvEegJyoiA/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3FQWR4JGI%2F20181209%2Feu-west-1%2Fs3%2Faws4_request&X-Amz-Date=20181209T234120Z&X-Amz-Expires=60&X-Amz-Security-Token=FQoGZXIvYXdzEFYaDOHYY5Q8w08%2BvOjqdyK3A8%2BRxygZNhh4evHmgFD1PfX2dB7Q5kIbL3pXT8%2FneMq1xfzXif5rrkmd2cA1se4SYkdusarCZNtmwf9MAcq84IpeK0GwIQ1SNwWGbArERMXXLrIVHaKpnnQqoOgQuf60q3qpggi%2FrbJk8Mt3xwVb3PJVjmhttuxGES1MGP7vwpgeGtz2pF11Metj9AEDKkvSC%2FZHYM5N3eE4LiYQneFcU2JWWzLbE6tk5vH9voETPUw5JRvyu5kEq3n5rTIUVVguTNSbde%2B0bi7O%2Fr%2FqHll9GaMJLWxME6iW3ljNUwreIYP3sZTD%2F8pL2fJNcm%2Fvhf8CTR3jWGe19RdG8oD3nz2X8CH%2F06FK4YRfhdgG4WuIUOWp4472RxFSDICC4SFtAd2Zw8qaVTmM4E%2FwzkNBlTyABn781wZ9Q5QwqpuqHYyo9XVUZwmb1z%2F3re83PZygL5faszHp2E081XGS9Ot32Pnn%2Bq73U24s%2FlDIaSWYDJCxIlm%2BcWsQ5ixtEuBtUfJsTAsC9J9HaRlt7nVCFIGVDuq4z%2F3c6dn0DxAZxFs7Jh3BQJlndwaopwCplZHGfz8j97OIgJ7gXjiI7tEo4%2Fe14AU%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=6f8e1a8caef6f1c6e5bbf446fcb503f2d7b437673ee3a338fc978d2672d3cdb5 {{dead link|date=May 2019}}</ref> They were successful, and Hilco Capital announced plans to close all HMV Canada locations by April 30, 2017.<ref>{{cite web |date=February 1, 2017 |title=HMV Canada to Close All 102 Stores by April |url=https://www.animenewsnetwork.com/news/2017-02-01/hmv-canada-to-close-all-102-stores-by-april/.111659 |access-date=February 5, 2021 |website=[[Anime News Network]]}}</ref> HMV Canada locations held clear-out sales of their remaining inventory.<ref>{{cite web |date=January 27, 2017 |title=HMV in receivership, stores to close by Apr. 30 |url=https://www.thestar.com/entertainment/music/2017/01/27/hmv-in-receivership-stores-to-close-by-apr-30.html |access-date=January 28, 2017 |website=Toronto Star}}</ref> The flagship store on Yonge Street in Toronto closed on April 14, 2017.<ref name="tstar" /> |
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In February 2017, Ontario-based chain [[Sunrise Records (retailer)|Sunrise Records]] bought the leases of 70 of HMV Canada locations in an effort to convert into Sunrise Records locations, and invited 1,340 former HMV Canada employees to apply for 700 positions. HMV Canada's flagship location on Yonge Street in Toronto was one of the several locations that were not part of the deal, and remained vacant.<ref name="cp-sunrise">{{cite web |date=February 26, 2017 |title=Sunrise Records to move into 70 closing HMV locations |url=https://www.thestar.com/news/canada/2017/02/26/sunrise-records-to-move-into-70-closing-hmv-locations.html |access-date=February 26, 2017 |website=[[Toronto Star]]}}</ref><ref>{{cite web |title=Sunrise Records takes over 70 HMV locations in malls {{!}} CBC News |url=http://www.cbc.ca/news/business/hmv-sunrise-records-takeover-malls-1.3998420}}</ref> Its head office was located in [[Etobicoke]].<ref>{{Cite web |last=pssadm |date=2017-01-31 |title=HMV Canada's Statement On Closing All 102 Stores |url=https://www.thatericalper.com/2017/01/30/hmv-canadas-statement-on-closing-all-102-stores/ |access-date=2024-08-25 |website=That Eric Alper |language=en-US}}</ref> |
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On February 5, 2019, Sunrise Records subsequently announced its intent to buy [[HMV UK]] out of administration from Hilco Capital for an undisclosed amount, with the possibility of HMV Canada's revival being considered.<ref>{{cite news |last=Evans |first=Pete |date=February 5, 2019 |title=Canada's Sunrise Records swoops in to buy British music store chain HMV out of bankruptcy |url=https://www.cbc.ca/news/business/sunrise-records-hmv-1.5006110 |access-date=February 5, 2019}}</ref> |
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In February 2024, [[Toys "R" Us Canada]] (also owned by Sunrise Records owner [[Doug Putman]]) announced that it would begin to introduce HMV-branded [[store-within-a-store]] departments at its locations, carrying music, home video, and various pop-culture collectibles. The retailer also returned to online trading.<ref>{{Cite web |date=2024-02-01 |title=HMV making comeback through Toys 'R' Us locations |url=https://www.ctvnews.ca/business/hmv-making-comeback-through-toys-r-us-locations-1.6751315 |access-date=2024-02-01 |website=CTVNews |language=en}}</ref> |
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=== Ireland (1986–2013, 2013–2016, 2023–present) === |
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HMV established its first shop in Ireland in 1986 following the retailer's expansion to Canada. The first shop to open was on Grafton Street which became very popular for numerous big name Irish acts performing live in the shop. The retailer expanded in Dublin with a second shop on Henry Street and that followed with expansion into [[Cork (city)|Cork]] in the late 1980s before adding a shop in [[Limerick City]] in the 1990s. The retailer expanded with numerous shops in the Greater Dublin region and nationwide again into [[Galway]] and [[Newbridge, County Galway|Newbridge]] in the early to mid 2000s. |
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On 5 February 2011 HMV Ireland announced that its profits had fallen by almost 90% to €465,000, compared to €4.1 million the previous year.<ref>{{cite news |last=Lynch |first=Suzanne |date=5 February 2011 |title=Music giant HMV Ireland saw a 90% fall in profits last year |url=https://www.irishtimes.com/newspaper/finance/2011/0205/1224289073280.html |newspaper=[[The Irish Times]]}}</ref> |
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On 16 January 2013, HMV Ireland declared [[receivership]] which required the company under Irish law to close all its shops immediately.<ref name="HMV Ireland goes into receivership">{{Cite news |date=16 January 2013 |title=HMV Ireland goes into receivership |url=http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/hmv-ireland-goes-into-receivership-16262150.html |work=The Belfast Telegraph}}</ref> |
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In April 2013, Hilco also stated that it hoped to reopen a HMV shop in Ireland following the closure of all shops in the country.<ref name="Hilco 2">{{Cite press release |title=Hilco completes acquisition of HMV |date=5 April 2013 |publisher=Hilco UK |url=http://www.hilcouk.com/hilco-completes-acquisition-of-hmv/ |access-date=5 April 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130408005403/http://www.hilcouk.com/hilco-completes-acquisition-of-hmv/ |archive-date=8 April 2013}}</ref> Later, on 9 June 2013, it was confirmed that [[Hilco Capital]] Ireland had purchased HMV Ireland, and would reopen five shops within six weeks.<ref>{{Cite news |last=Burke |first=Roisin |date=9 June 2013 |title=HMV stores set to re-open with €4m investment and 100 jobs |url=http://www.independent.ie/business/irish/hmv-stores-set-to-reopen-with-4m-investment-and-100-jobs-29330834.html |access-date=2 September 2013 |work=The Irish Independent}}</ref> |
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In January 2016, HMV Ireland confirmed the closure of its Galway City shop, and its shop on Dublin's Grafton Street, with both to close by the end of that month.<ref>{{cite web |date=15 January 2016 |title=HMV and XtraVision to close Galway stores by end of the month |url=http://galwaybayfm.ie/hmv-and-xtravision-to-close-galway-stores-by-end-of-the-month |accessdate=6 August 2016 |website=Galway Bay FM}}</ref> This followed the closure of many Xtravision and HMV Xtravision branded outlets at the end of December 2015/early January. In late January 2016, the remainder of Xtravision was liquidated. |
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In July 2016, Hilco announced it would be closing its five remaining Irish shops, in order to refocus HMV in Ireland as a new digital service (HMV Digital) where customers can stream, rent or purchase music and films online. The new HMV digital service was to launch in Ireland before rolling out into the UK and Canada.<ref>{{cite news |title=Remaining Irish HMV stores to shut within months as retailer takes on Netflix giant |url=http://www.independent.ie/business/irish/remaining-irish-hmv-stores-to-shut-within-months-as-retailer-takes-on-netflix-giant-34869715.html |accessdate=6 August 2016 |newspaper=Irish Independent}}</ref> However, HMV failed to successfully launch its new digital service in Ireland. All shops closed between 29 and 30 August 2016.<ref>{{Cite news |last=Pakinkis |first=Tom |date=10 July 2016 |title=Remaining Irish HMV stores to shut within months as retailer takes on Netflix giant |url=http://www.independent.ie/business/irish/remaining-irish-hmv-stores-to-shut-within-months-as-retailer-takes-on-netflix-giant-34869715.html |access-date=23 March 2015 |work=Irish Independent}}</ref> |
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In June 2023, it was announced that HMV would return to Ireland, with a store in Dublin.<ref>{{Cite web |date=2023-06-28 |title=HMV opens first store in Dublin in a decade |url=https://www.breakingnews.ie/ireland/hmv-opens-first-store-in-dublin-in-a-decade-1495247.html |access-date=2024-09-23 |website=BreakingNews.ie |language=en}}</ref> |
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=== Japan (1990–present) === |
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In 1990, EMI established HMV Japan.<ref>{{Cite web |title=HMV Japan KK - VGMdb |url=https://vgmdb.net/org/2036 |access-date=2024-09-09 |website=vgmdb.net |language=en}}</ref> Since [[JVC Kenwood Holdings]] (through its [[JVC]] and [[Victor Entertainment]] subsidiaries) controls the His Master's Voice trademark in Japan following a break-up from [[RCA Records]], HMV Japan uses a stylised gramophone of its own design as its trademark. As with the former U.S. and Canadian operations, HMV Japan's use of the initials "HMV" has never been challenged. |
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In July 2007, HMV Japan, which operates 62 shops, was sold to DSM Investment Catorce. The brand, shops and website would continue to trade as HMV, but would no longer be owned by HMV Group.<ref>{{cite news |date=31 July 2007 |title=HMV snaps up Fopp name and stores |url=http://news.bbc.co.uk/2/hi/business/6923511.stm |access-date=31 July 2007 |work=Japan sale |publisher=BBC News |quote=Separately, HMV said that the sale of the Japan business to DSM Investment Catorce, would allow it to focus on countries where it was a market leader. Opening in Tokyo's Shibuya district in 1990, HMV Japan now has 62 shops, with about 40 million visitors a year.}}</ref> |
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On 28 October 2010 the Japanese [[convenience store|convenience shop]] giant [[Lawson (store)|Lawson]] acquired all shares of HMV Japan from Daiwa Securities SMBCPI for ¥ 1.8 billion. KK HMV Japan became a part of Lawson, and was renamed KK Lawson HMV Entertainment (株式会社 ローソンHMVエンタテイメント) on 1 December in the same year. Terms of the deal were published on official websites.<ref>[http://www.lawson.co.jp/company/news/025212/ HMVジャパンの完全子会社に関する株式譲渡契約を締結] (in Japanese)</ref> HMV is currently known in Japan as "HMV & Books".<ref>{{Cite web |last=Inc |first=Lawson Entertainment |title=HMV&BOOKS online: Online Shopping & Information Site for Books/ Music/ DVD/ Blu-ray/ Games/ Goods [English Site] |url=https://www.hmv.co.jp/en/ |access-date=2024-09-16 |website=www.hmv.co.jp |language=en}}</ref> |
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== Defunct international operations == |
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=== Australia (1989–2010) === |
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In 1989, HMV established its first Australian shop in the [[Sydney]] suburb of [[Parramatta]], closely followed by a second in [[Chatswood, New South Wales|Chatswood]] in the same year.{{citation needed|date=November 2020}} In 1990, HMV opened its [[flagship]] shop in the [[Sydney central business district]].{{citation needed|date=November 2020}} The 1,207-square-metre superstore in [[Pitt Street Mall]] was the largest music shop in the Southern Hemisphere and sold more CDs than any other shop in the country.{{citation needed|date=November 2020}} It was also awarded the [[ARIA Charts]] Store of the Year on three occasions.{{citation needed|date=November 2020}} By 1998, a further 27 shops were opened in key retail centres on the eastern seaboard of Australia, including other large units at [[Melbourne]]'s [[Bourke Street|Bourke Street Mall]] and [[Brisbane]]'s 585-square-meter [[Queen Street Mall]] shop.<ref>{{cite web |title=Superbrands: HMV Australia |url=http://superbrands.com.au/index.php/volumes/volume-2/79-volumes/volume-2/254-hmv-vol-2 |access-date=21 June 2012 |publisher=Superbrands.com}}</ref> |
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In March 2000, HMV made local headlines when its larger rival, [[Sanity (music store)|Sanity]], signed a five-year deal with [[Festival Mushroom Records]] for a three-year online exclusivity window on all tracks downloaded from that label at Sanity's website.{{citation needed|date=November 2020}} Sanity's competitors and other online services were meant to be blocked from Festival Mushroom's catalogue for that period unless Sanity agreed to deal with them. [[Chaos.com]] and [[Leading Edge Group|Leading Edge Music]] both made public threats to boycott Festival Mushroom's content, but HMV Australia (whose website did not offer downloading) followed through, removing all CDs from their Australian shops, adding they would do the same overseas. By the next week, Festival Mushroom backed down, stating Sanity would simply be the wholesaler of their digital downloads for the next three years, requiring them to make all products available to other retailers at the time of release.<ref>{{cite web |title=News Corp Unit, Sainty.com Plan Online Deal |url=http://www.telecompaper.com/news/news-corp-unit-sanitycom-plan-online-deal |access-date=21 June 2012 |publisher=Telecompaper}}</ref><ref>{{cite web |last=Adcock |first=Bronwyn |date=9 March 2000 |title=ABC Radio PM: HMV boycotts the Festival Mushroom Group |url=http://www.abc.net.au/pm/stories/s108985.htm |access-date=21 June 2012 |work=[[PM (Australian radio program)|PM]]}}</ref><ref>{{cite web |last=Donovan |first=Patrick |date=17 March 2000 |title=New Deal Sounds Better To Retailers |url=http://www.downloadsongs.com.au/download-songs-articles/2000/3/17/new-deal-sounds-better-to-retailers/ |access-date=21 June 2012 |work=[[The Age]]}}</ref> |
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In October 2005, Sanity's owner, Brazin Limited acquired the Australian operations of HMV for A$4 million (£1.7 million). The HMV Group's agreement with Brazin was to phase out the HMV brand in Australia by 2010. Immediately after this acquisition of HMV's 32 outlets, this put Brazin at its peak with its 74 [[Virgin Megastore]] and Virgin At Myer stores, in addition to Sanity's 215, and [[EzyDVD]]'s 63 outlets around the country (not counting non-entertainment retail chains within Brazin, such as [[Bras N Things]]) and was by far Australia's largest entertainment retailer with close to 43% of the music retail market. However, most HMV shops in Australia had very high overhead costs due to their large footprints and expensive locations, thus most were gradually closed upon the end of rental leases. The remaining shops were re-branded to Sanity over the next five years.<ref>{{cite news |date=28 September 2005 |title=Brazin to buy HMV music stores for $4m |url=http://www.smh.com.au/news/Business/Brazin-to-buy-HMV-music-stores-for-4m/2005/09/28/1127804540782.html |access-date=21 June 2012 |work=[[Sydney Morning Herald]]}}</ref><ref>{{cite magazine |last=Eliezer |first=Christie |date=28 September 2005 |title=HMV Sells Australian Stores To Brazin |url=http://www.billboard.biz/bbbiz/others/hmv-sells-australian-stores-to-brazin-1001217713.story |url-status=dead |archive-url=https://archive.today/20130219181810/http://www.billboard.biz/bbbiz/others/hmv-sells-australian-stores-to-brazin-1001217713.story |archive-date=19 February 2013 |access-date=23 January 2013 |magazine=Billboard}}</ref> The [[horizontal merger]] was approved by the [[Australian Competition & Consumer Commission]] the same month, leaving Brazin to merge marketing and general operations within the one entertainment division.{{citation needed|date=November 2020}} Also in October, Brazin launched its Pulse [[Loyalty program|loyalty card]] after a year of testing in the market. It worked by giving the customer one point for every dollar spent across Brazin's shop network, receiving a $5 discount voucher or other offers once 100 points were reached.<ref>{{cite web |date=17 October 2005 |title=Visible Results Solution, "Australian Retail's Most Innovative And Dynamic Customer Loyalty Program" Says Brazin Limited CEO |url=http://www.visibleresults.com/about/articles_pr/pr_article_028.htm |url-status=dead |archive-url=https://web.archive.org/web/20130520072619/http://www.visibleresults.com/about/articles_pr/pr_article_028.htm |archive-date=20 May 2013 |access-date=2 September 2013 |publisher=Visible Results}}</ref> |
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By December 2006, HMV had shrunk to 22 outlets from its peak of 32 the year before.<ref>{{cite magazine |last=Eliezer |first=Christie |date=11 December 2006 |title=Brazin Data Returns To Aus Charts |url=http://www.billboard.biz/bbbiz/others/brazin-data-returns-to-aus-charts-1003495396.story |url-status=dead |archive-url=https://archive.today/20130115033204/http://www.billboard.biz/bbbiz/others/brazin-data-returns-to-aus-charts-1003495396.story |archive-date=15 January 2013 |access-date=23 January 2013 |magazine=Billboard}}</ref> |
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At the end of August 2007, HMV's Australian flagship shop in Pitt Street Mall was closed, when the [[MidCity|Mid City Centre]] shopping centre it was located in was closed for renovation, and the large Bourke Street Mall shop closed on 19 February 2008.{{citation needed|date=November 2020}} By mid-2010, the last HMV shop was closed in Brisbane by Sanity, and the last re-branded HMV shop trading as Sanity closed at [[Indooroopilly Shopping Centre]] in December 2012.{{citation needed|date=November 2020}} |
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=== Germany (1990s–2000s) === |
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As of April 1998, HMV traded in Germany as HMV Tonträger GmbH, with the business later closed in the 2000s.<ref name=":1" /> |
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=== Hong Kong and Singapore (1990s–2010s) === |
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[[File:HKElementsHMV_20071026.jpg|thumb|HMV shop in the [[Elements, Hong Kong|Elements]], Kowloon, Hong Kong, in 2007.]] |
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In 1994, HMV opened its first store in Hong Kong at Windsor House, 311 [[Gloucester Road, Hong Kong|Gloucester Road]]. Following this, HMV expanded into new shopping malls across the region. The [[Tsim Sha Tsui]] flagship store, located at the corner of Peking Road and Hankow Road, was the largest record shop in the territory.<ref>{{cite news |date=16 January 2013 |title=音樂專業程度大不如前; HMV申請破產 4350員工恐失業 |url=http://hk.apple.nextmedia.com/news/art/20130116/18136023 |access-date=17 January 2013 |newspaper=Apple Daily |publisher=Next Media |location=Hong Kong |language=zh}}</ref> |
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In Singapore, HMV was the second international music store established after [[Tower Records]], which eventually closed. HMV operated a store at Marina Square, and previously had locations at 313@Somerset (which replaced a former shop at The Heeren) and the CityLink underground mall. HMV's pricing was generally higher than independent stores and local chains like Gramophone and That CD Shop, but it was the only retailer in Singapore to sell a variety of products, including games, T-shirts, books, and audio gear, alongside music and video. |
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In the 2000s, HMV Hong Kong partnered with Commercial Radio Hong Kong, renaming one of their channels HMV864 and broadcasting it in all HMV stores in the city. HMV Hong Kong was known for higher prices compared to independent record shops, particularly on non-promotional items. The Hong Kong stores were the second globally, after the UK, to introduce in-store digital kiosks, and the first in Asia. Initially, HMV Hong Kong used the same stylized gramophone logo as HMV Japan but later switched to the Nipper the Dog logo used by HMV UK, minus the gramophone. |
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On February 28, 2013, Deloitte announced that Hong Kong-based private equity firm AID Partners Capital Holdings had acquired HMV's businesses in Hong Kong and Singapore, as well as the rights to the HMV brand in China, Singapore and Taiwan.<ref name="Asia2">{{cite news |date=28 February 2013 |title=HMV administrators sell Asia shops |url=https://www.bbc.co.uk/news/business-21615806 |access-date=26 February 2013 |newspaper=BBC News Online}}</ref> HMV's 313@Somerset store in Singapore closed in November 2013, and the CityLink store closed earlier.<ref>{{Cite news |last=Zaccheus |first=Hoe Pei Shan Melody |date=2013-09-29 |title=HMV to close outlet in Somerset, shift business to Marina Square store |url=https://www.straitstimes.com/singapore/hmv-to-close-outlet-in-somerset-shift-business-to-marina-square-store |access-date=2024-09-09 |work=The Straits Times |language=en |issn=0585-3923}}</ref> |
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In September 2015, HMV closed its last Singapore store.<ref>{{cite news |last1=Luis |first1=Ernest |last2=Lim |first2=Jessica |date=September 30, 2015 |title=HMV Singapore closes last outlet: Timeline of HMV's history |url=https://www.straitstimes.com/lifestyle/entertainment/hmv-singapore-closes-last-outlet-timeline-of-hmvs-history |newspaper=The Straits Times}}</ref> In December 2018, the Hong Kong operations, which included four stores and an HMV-themed restaurant, were closed.<ref>{{Cite web |date=18 December 2018 |title=Shoppers turned away as HMV winds up 25-year-old Hong Kong retail chain |url=https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2178457/shoppers-turned-away-hmv-winds-25-year-old-hong |access-date=5 August 2019 |website=South China Morning Post}}</ref><ref>{{Cite web |date=December 19, 2018 |title=HMV to close all Hong Kong physical retail stores |url=https://www.musicbusinessworldwide.com/hmv-to-close-all-hong-kong-physical-retail-stores/ |website=Music Business Worldwide}}</ref> |
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As of May 2023, a company called HMV Brand Pte. Ltd. retains ownership of the defunct "HMV" and "His Master's Voice" brand in China, Singapore and Taiwan.<ref>{{Cite web |title=The fight for Nipper: takeaways from HMV’s trademark battle in Singapore |url=https://www.worldtrademarkreview.com/article/the-fight-nipper-takeaways-hmvs-trademark-battle-in-singapore |access-date=2024-09-09 |website=www.worldtrademarkreview.com |language=en}}</ref> |
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=== Qatar (2015–2022) === |
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In July 2015, it was announced that HMV had struck a deal with the Qatar-based company, Al Mana Lifestyle, for fifteen stores across Qatar, Bahrain, Kuwait, Oman and the United Arab Emirates. There were also plans for Egypt, Algeria, Tunisia and Morocco.<ref>{{Cite web |last=Hillyard |first=Kim |date=2015-07-13 |title=HMV to open 15 stores in the Middle East |url=https://www.nme.com/news/music/nme-470-1216640 |access-date=2024-12-29 |website=NME |language=en-GB}}</ref> However, none of these plans came to fruition, and only one HMV store in Qatar's Al Mirqab mall was opened, which later closed in 2022.<ref>{{Cite web |date=2015-07-12 |title=HMV expands into the Middle East |url=https://www.musicbusinessworldwide.com/hmv-expands-into-the-middle-east/ |access-date=2024-12-29 |website=Music Business Worldwide |language=en-US}}</ref> The Al Mana Lifestyle Trading company retain the rights to the HMV brand across Qatar and Oman, whereas the rights to HMV in other Middle East reigons, such as the United Arab Emirates, is owned by Palm Green Capital Limited.<ref>{{Cite web |title=Palm Green Capital Limited HMV Retail Limited v GEECOM (Full Decision _Transfer), [2013] DRS 13248 {{!}} Nominet UK Dispute Resolution Service, Judgment, Law, casemine.com |url=https://www.casemine.com/judgement/uk/5a938ce660d03e601f9721b4 |access-date=2024-12-29 |website=www.casemine.com |language=en}}</ref> |
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=== United States (1990s–2004) === |
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In the 1990s, the chain expanded into the United States, opening several stores along the East Coast, including a prominent flagship location in Manhattan.<ref name=":1">{{Cite web |last=House |first=Companies |date=25 April 1998 |title=HMV Media Group plc Report and Accounts |url=https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/jerlPqBlkEO6Au3aJfPw2UCIFrRXK_b_XUgDxxJbwr4/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3KXY3MYJR%2F20240909%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20240909T115336Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEDAaCWV1LXdlc3QtMiJGMEQCIG8oj9nfx3B3bHdHgc8fo%2FPycIGdtPkueEuld1yl9fH0AiBatgq%2BJiPxoma%2FzX0NEg5jwYP5dLQELIBHMD6EIANDvCq6BQhZEAUaDDQ0OTIyOTAzMjgyMiIMFNVj63Ty9BMdQf4MKpcFSoUCQyFB4dD5q%2BdYmmJkJbWG7DgcogPdtZCBXBjmn8uMEoTAfLOFcCGn76l7cLpEU%2FbcM2z2FO5iyq6jW37fzvVuVjfgMzuMgVr1OTRdGm5hcxbxEKkHiiwztTquK8Qj5lw5QhwqbjOepr6Aj6esiGSn%2FKS3u%2BsG5eSwUxuQtm7kKlP%2BsFimzKjjcBi5N022lnYIGrJFZDGJjch%2FVrTS7RP%2FCRHIq%2FM%2Fo%2B37UGI5%2B3N80uQx9snWZrhVWciqqHwnQYI4I9Qe7Gb9GSRUW4He4lo%2FJTMQVOZFhaMHHcbtCVCfAAE5WVqAP1jy%2FxVJmt9WMNBxlyyQsb29c0MKXsfqVrUgO4l%2F6JULsEntTu8Tfs7%2BxSXdFDDd8db08W7j8cQag%2BWtS5rLfb3BAlguR04QSlJdV6XVPspH29WJGxiyUSSNzhXA73u015njINkcScLSqTIHb3HptVT1b5UI0Uc6EJIPFLGNYVSXkZv1oFvdfNunMV5273zkyvCNwMHHs9utIg3G4%2FU5gPSL8uMeL0pq0ONlLJ1CahfMoTpLKoJYj7VgmKNblgTbcRuLGKkck%2BbNr2I3A59dcane811PihbwolvqSD%2Fr3vSHLnBTdZxQuftoJ4ZcAfuBsbyYjVaTT3Y61vbnZJAa8X%2BwmG9wkW2TaQVmd3G4IPRCYlWP24jaFwqJ9HU8hHL1UkKmAlNG7nxfZkjo%2BSzxhfhbuUR71XLZwxllU5yC%2BMvwDjkVtOE9O%2Fj4%2Bh7odrby7KLNYg4Ke9RAWniCC8bEaFaR4dkrj5xtcWdmJbzf2h%2FNmHYATFUuVQpKodBtYTbni4vQNw3tBBzF9W0gqJyXsAc47%2BEqiX5E3pA6bUa0ES5Y7Z1WXAVuQcx0YNxLdkpcMMLW%2BrYGOrIBIB4qGOJ9FYdR6jLhR0i%2Fno2ajst6sAyaOgavYLk91Eg6UlqJ24Lkeav3AFdK3I9th8JedxsOLo%2BOUNqcfVCZoHFiaFvvKnfwVjZDLgaVO4EW9y3rYXxN%2BnFKSVDFdF%2BjYwGqOZVfr0J4SmfxbL8INtRc9uRE8fx44EjQtaA7TSj73ufoKWMAhviqFOEIZ6E8jtanEEGLSJ4v4scjVrjcQ%2BiJ3o73V6aZrdWAGObJbW861w%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D"companies_house_document.pdf"&X-Amz-Signature=d3b726a4b3a62ecc59e490055a2c60d0e80bec83c74cdb668ed327ab80073b83 |access-date=9 September 2024 |website=Companies House}}</ref> Similar to Canada, EMI in the U.S. did not have rights to use "His Master's Voice"; as this trademark is owned by [[RCA (trademark)|RCA]]. Though, HMV in the U.S. was not prevented from using just the "HMV" initials by themselves.<ref>{{Cite web |last=House |first=Companies |date=April 24, 1999 |title=HMV Media Group plc Report and Accounts |url=https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/z4mfKxpCTG4aEmV4YD7KrhIhFCQ--wiqfWMZTXvYvZc/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3KXY3MYJR%2F20240909%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20240909T115945Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEDAaCWV1LXdlc3QtMiJGMEQCIG8oj9nfx3B3bHdHgc8fo%2FPycIGdtPkueEuld1yl9fH0AiBatgq%2BJiPxoma%2FzX0NEg5jwYP5dLQELIBHMD6EIANDvCq6BQhZEAUaDDQ0OTIyOTAzMjgyMiIMFNVj63Ty9BMdQf4MKpcFSoUCQyFB4dD5q%2BdYmmJkJbWG7DgcogPdtZCBXBjmn8uMEoTAfLOFcCGn76l7cLpEU%2FbcM2z2FO5iyq6jW37fzvVuVjfgMzuMgVr1OTRdGm5hcxbxEKkHiiwztTquK8Qj5lw5QhwqbjOepr6Aj6esiGSn%2FKS3u%2BsG5eSwUxuQtm7kKlP%2BsFimzKjjcBi5N022lnYIGrJFZDGJjch%2FVrTS7RP%2FCRHIq%2FM%2Fo%2B37UGI5%2B3N80uQx9snWZrhVWciqqHwnQYI4I9Qe7Gb9GSRUW4He4lo%2FJTMQVOZFhaMHHcbtCVCfAAE5WVqAP1jy%2FxVJmt9WMNBxlyyQsb29c0MKXsfqVrUgO4l%2F6JULsEntTu8Tfs7%2BxSXdFDDd8db08W7j8cQag%2BWtS5rLfb3BAlguR04QSlJdV6XVPspH29WJGxiyUSSNzhXA73u015njINkcScLSqTIHb3HptVT1b5UI0Uc6EJIPFLGNYVSXkZv1oFvdfNunMV5273zkyvCNwMHHs9utIg3G4%2FU5gPSL8uMeL0pq0ONlLJ1CahfMoTpLKoJYj7VgmKNblgTbcRuLGKkck%2BbNr2I3A59dcane811PihbwolvqSD%2Fr3vSHLnBTdZxQuftoJ4ZcAfuBsbyYjVaTT3Y61vbnZJAa8X%2BwmG9wkW2TaQVmd3G4IPRCYlWP24jaFwqJ9HU8hHL1UkKmAlNG7nxfZkjo%2BSzxhfhbuUR71XLZwxllU5yC%2BMvwDjkVtOE9O%2Fj4%2Bh7odrby7KLNYg4Ke9RAWniCC8bEaFaR4dkrj5xtcWdmJbzf2h%2FNmHYATFUuVQpKodBtYTbni4vQNw3tBBzF9W0gqJyXsAc47%2BEqiX5E3pA6bUa0ES5Y7Z1WXAVuQcx0YNxLdkpcMMLW%2BrYGOrIBIB4qGOJ9FYdR6jLhR0i%2Fno2ajst6sAyaOgavYLk91Eg6UlqJ24Lkeav3AFdK3I9th8JedxsOLo%2BOUNqcfVCZoHFiaFvvKnfwVjZDLgaVO4EW9y3rYXxN%2BnFKSVDFdF%2BjYwGqOZVfr0J4SmfxbL8INtRc9uRE8fx44EjQtaA7TSj73ufoKWMAhviqFOEIZ6E8jtanEEGLSJ4v4scjVrjcQ%2BiJ3o73V6aZrdWAGObJbW861w%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D"companies_house_document.pdf"&X-Amz-Signature=535874c0b24131610fc804e66ab86bd21bf52a60e12420a7dee5c50033b319a6 |access-date=September 9, 2024 |website=Companies House}}</ref> |
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HMV in the U.S. faced significant competition from rivals such as [[Tower Records]], [[FYE (retailer)|FYE]] and [[Virgin Megastores]]. The final shop in the United States, having lost £500,000 in 2003 and £1 million in 2004, closed on 3 November 2004.<ref>{{cite web |date=17 January 2005 |title=Operating Review |url=http://www.hmvgroup.com/files/923/HMV_Interim_2004.pdf |url-status=dead |archive-url=https://web.archive.org/web/20061102110328/http://www.hmvgroup.com/files/923/HMV_Interim_2004.pdf |archive-date=2 November 2006 |access-date=30 December 2006 |work=Interim Report 2004 |publisher=HMV Group |pages=[http://www.hmvgroup.com/files/923/HMV_Interim_2004.pdf#page=6 pp. 3–4] |quote=...HMV USA, where the last store of which closed on 3 November 2004."; "...a £1.0m loss last year and £0.8m of losses made in HMV USA in the prior year...}}</ref> |
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==See also== |
==See also== |
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*[[HMV's Poll of Polls]] |
* [[HMV's Poll of Polls]] |
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==References== |
==References== |
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{{Reflist|30em}} |
{{notelist}}{{Reflist|30em}} |
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==External links== |
==External links== |
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{{ |
* {{Commons category-inline}} |
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*{{ |
* {{Official website|http://www.hmv.com/}} |
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*[http://store.hmv.com/ HMV online store] |
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{{Music industry}} |
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*[http://www.hmvcurzon.com/ HMV Curzon] |
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{{Authority control}} |
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{{DEFAULTSORT:Hmv}} |
{{DEFAULTSORT:Hmv}} |
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[[Category: |
[[Category:1921 establishments in England]] |
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[[Category:Retail companies |
[[Category:Retail companies based in London]] |
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[[Category:British companies established in 1921]] |
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[[Category:Retail companies established in 1921]] |
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[[Category:2019 mergers and acquisitions]] |
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[[Category:Companies that have entered administration in the United Kingdom]] |
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[[Category:Defunct retail companies of the United States]] |
[[Category:Defunct retail companies of the United States]] |
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[[Category:Companies based in London]] |
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[[Category:Video game retailers in the United Kingdom]] |
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[[Category:Music retailers of the United Kingdom]] |
[[Category:Music retailers of the United Kingdom]] |
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[[Category: |
[[Category:Retail companies of the United Kingdom]] |
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[[Category: |
[[Category:Video game retailers in the United Kingdom]] |
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[[bn:এইচএমভি গ্রুপ]] |
Latest revision as of 13:11, 29 December 2024
HMV | |
Company type | Subsidiary |
Industry | Music & film retail |
Founded | 20 July 1921 |
Headquarters | London, England, UK |
Number of locations | 120 shops (as of April 2024[update])[citation needed] |
Area served | United Kingdom Ireland Belgium Japan Canada |
Key people |
|
Products | Music film television merchandise technology video games books |
Owner | Sunrise Records (United Kingdom, Ireland, Belgium and Canada)[a] Lawson (Japan) |
Number of employees | 1,600 (as of 2019[update])[1] |
Subsidiaries | Fopp |
Website | www |
HMV is a British music and entertainment retailer, founded in 1921. The brand is owned by JD Sports and operated by Sunrise Records, except in Japan, where it is owned and operated by Lawson.[2]
The retailer was opened by the Gramophone Company on London's Oxford Street, named after the Francis Barraud painting, His Master's Voice.[3] In 1998, it was divested from EMI (successor to the Gramophone Company), to form what would become HMV Group plc.[4] In August 2007, HMV bought rival retailer, Fopp.[5] In April 2013, HMV Group plc was bought by Hilco UK for an estimated £50 million after falling into administration, with some international divisions divested off.[6] In February 2019, British retailer JD Sports acquired the HMV brand,[7] and the Canadian retailer Sunrise Records acquired HMV's stores, to operate under license.[8]
In May 2023, Sunrise Records announced the retailer would return to Ireland, followed by an announcement in November 2023 that the retailer would also enter the Belgian market.[9][10] In February 2024, Sunrise Records announced HMV would re-enter the Canadian market as an in-store concession within Toys "R" Us locations.[11]
History
[edit]Origins
[edit]The antecedents of HMV began in the 1890s at the dawn of the disc gramophone. The Nipper, gramophone, and masters voice motif was used as early as 1899 in a photo advert appearing in "The Boy's own Paper" a London male youth oriented weekly paper which was published throughout the British Empire[citation needed]. By 1902 it had become the beginnings of the Gramophone Company. In February 1907 it commenced the building of a new dedicated record factory at Hayes, Middlesex. Disc records were sold in music shops and independent retailers at this time. In 1921 the Gramophone Company opened the first dedicated HMV shop at 363 Oxford Street,[12] London, in a former men's clothing shop; the composer Edward Elgar participated in the opening ceremonies.[13] In March 1931 the Gramophone Company merged with Columbia Graphophone Company to form Electric and Musical Industries Ltd (EMI).[14]
From the 1930s onwards, HMV manufactured radio and television sets and radiograms under the HMV and Marconiphone brand names in its factory in Hayes, Middlesex.
The original HMV shop was severely damaged by a fire in 1937, but was rebuilt and reopened two years later on 8 May 1939. Sir Thomas Beecham opened the new shop.[15]
Expansion
[edit]In 1966, HMV began expanding its retail operations in London. Throughout the 1970s, the company continued to expand, doubling in size, and in six years became the country's leading specialist music retailer. It faced strong competition, however, from Virgin Megastores, established in 1976, and from Our Price, established in 1972, which had numerous high street retail shops around the UK. Subsequently, HMV overtook Our Price in popularity and threatened its existence, having established a chain of newer and larger shops.
The company opened its flagship shop at a new location at 150–154 Oxford Street in 1986, announcing it was the largest record shop in the world at the time, and the official opening was attended by Bob Geldof and Michael Hutchence.[16] Growth continued for a third decade into the 1990s, with the company reaching over 320 shops[16] including in 1990 its first shop in the U.S. located at 86th and Lexington in New York City, which was the largest music shop in North America at the time.[17] HMV celebrated its 75-year anniversary in 1996.[14]
In February 1998, EMI entered into a joint venture with Advent International to form HMV Media Group led by Alan Giles, which acquired HMV's shops and Dillons, leaving EMI with a holding of around 45%.[18] The new joint venture then bought the Waterstones chain of bookshops to merge with Dillons.[19]
Flotation
[edit]By 2002, EMI's holding in HMV Media was 43%, with Advent International owning 40% and management the remainder.[citation needed] The company floated on the London Stock Exchange later in the year as HMV Group plc, leaving EMI with only a token holding.[20]
HMV operated a loyalty scheme branded as "purehmv", first launched in August 2003, but subsequently closed and relaunched in 2008.[21] The scheme awarded cardholders points for purchases, which could be collected and redeemed on a number of rewards including vouchers, memorabilia and signed merchandise. "purehmv" has since closed and will be replaced by a new loyalty scheme, the launch date of which is yet to be announced.[22]
The group became susceptible to a takeover following a poor period of trading up to Christmas 2005. Private equity firm Permira made a £762 million conditional bid for the group (based on 190p a share) on 7 February 2006, which was rejected by HMV as an insufficient valuation of the company.[23] Permira made a second offer which increased the value, although HMV declined it on 13 March 2006, subsequently issuing a statement that the offer undervalued the medium and long term prospects for the company,[24] resulting in Permira withdrawing from bidding.[25]
Acquisitions
[edit]In 2006, the HMV Group purchased the Ottakar's book chain and merged it into Waterstones. The merger tied into HMV's strategy for growth, as many of the Ottakar's branches were in smaller towns. The Competition Commission provisionally cleared HMV Group, through Waterstones, for takeover of the Ottakar's group on 30 March 2006, stating that the takeover would "not result in a substantial lessening of competition".[26] Waterstones then announced that it had successfully negotiated a takeover of Ottakar's on 31 May 2006.[27] All 130 Ottakar's shops were rebranded as Waterstones prior to Christmas 2006. In March 2007, new group CEO Simon Fox announced a 10% reduction over three years in the enlarged Waterstones total shop space, comprising mostly dual location shops created by the acquisition of Ottakar's.[28]
On 29 June 2007, the entertainment retailer Fopp went into administration, with the closure of 81 shops and 800 staff made redundant.[29] On 31 July HMV bought the brand and six shops that it said had traded profitably, saving around 70 jobs.[30]
On 1 September 2008, HMV launched "Get Closer", a social networking site allowing users to import their own music library, rivalling other providers including online music shops Napster and the iTunes Store.[31] The site was closed in September 2009.[32]
On 24 December 2008, HMV's rival Zavvi, successor to entertainment retailer Virgin Megastores, entered administration. On 14 January 2009 a placing announcement by HMV revealed that it intended to acquire 14 of Zavvi's shops.[33] On 18 February 2009 five additional Zavvi shops were purchased by HMV Group, to be rebranded as HMV outlets. An additional former Zavvi shop in Exeter's Princesshay development was also added.[34] The acquisitions were investigated and cleared by the Office of Fair Trading in April 2009.[35]
In the 2008 MCV Industry Excellence Awards, HMV was given the title Entertainment Retailer of the Year.[36]
In January 2009, HMV bought a 50% stake in MAMA Group, forming a joint venture with the group called the Mean Fiddler Group.[37] The deal introduced the HMV brand to live music venues, including the Hammersmith Apollo.[38] On 23 December 2009, it bought the whole of the MAMA Group in a live music takeover deal worth £46 million.[39]
In September 2009, HMV bought 50% of 7digital for £7.7 million, as part of a strategy to increase its digital content offering. 7digital provided HMV's music download service, and the company planned to introduce an e-books service for Waterstone's.[40]
In October 2009, HMV established a joint venture with Curzon Cinemas as part of chief executive Simon Fox's plan to bring cinemas to HMV and Waterstone's shops across England. The first trial cinema opened above the existing HMV shop in Wimbledon, in a former storage room converted into three separate screens and a bar. It has its own entrance, allowing access outside shop hours, and one within the shop. The trial was deemed a success, and it had been planned to open additional cinemas in HMV's Cheltenham shop, and Waterstone's in Piccadilly, London.[41][needs update]
On 5 January 2011, HMV announced that profits would be at the lower end of analysts' forecasts due to falling sales, resulting in the share price falling by 20%[42] and an announcement of the group's intention to close 40 HMV shops, as well as 20 Waterstone's bookshops, mainly in towns and cities where the company operated at multiple locations. The first of the shop closures began at the end of January 2011.[43]
The sale of Waterstone's to A&NN Capital Fund Management for £53 million was completed on 29 June 2011, and was approved by the vast majority of shareholders at an emergency general meeting.[44]
HMV sold the Hammersmith Apollo to AEG Live and Eventim in May 2012 for £32 million.[45] It sold the remainder of MAMA Group to Lloyds Development Capital in December 2012 for £7.3 million, which also included the company's 50% stake in Mean Fiddler Group.[46]
Administration (2013)
[edit]On 15 January 2013, HMV Group appointed Deloitte as company administrators[47] and suspended shares,[48] putting its 4,350 UK employees at the risk of redundancy.[47][49] Gift vouchers were initially declared void since holders are classified as unsecured creditors to whom the company owed the value,[50] but were accepted again from 22 January 2013.[51]
Restructuring firm Hilco UK bought HMV's debt from its creditors The Royal Bank of Scotland and Lloyds Banking Group, as a step towards potentially taking control of the company.[52] It was revealed that the total debt Hilco had bought amounted to around £110 million,[53] and that HMV owed around £20 million in tax to HM Revenue and Customs at the time of its entry into administration.[citation needed]
On 31 January 2013, it was reported that 190 redundancies had been made at the head office and distribution centres.[54]
On 7 February 2013, Deloitte confirmed that 66 shops had been identified for closure.[55] No fixed date was given for the closures but they were expected to take place in the following two months. The next day, Deloitte confirmed that an additional 60 redundancies, including the chief executive Trevor Moore, had been made at the group's offices in London, Marlow and Solihull.[56] Deloitte confirmed on 20 February 2013 that an additional 37 shops would close.[57] On 26 February 2013, six shops were sold to supermarket chain Morrisons.[58]
On 28 February 2013, eight shops in Hong Kong and Singapore were sold to AID Partners Capital Limited and the operation then became independent from HMV Group that was bought by Hilco UK. This transaction also enabled AID Partners Capital Limited to own the rights to use the HMV brand in Hong Kong, Macau, China, Taiwan and Singapore.[59]
By 23 March 2013, Deloitte was seeking to complete a deal to sell 120 shops as a going concern.[60] The decision to close several shops that had previously been identified for closure were reversed following talks with landlords.[61]
By 21 March 2016, China 3D Digital Entertainment Limited acquired HMV Hong Kong operations from AID Partners Capital Limited, later renamed to HMV Digital China Group Limited.[citation needed]
Hilco ownership (2013–2019)
[edit]On 5 April 2013, Hilco UK announced that it had acquired HMV, taking the company out of administration and saving 141 of its shops and around 2,500 jobs. The total included 25 shops that had previously been selected for closure by Deloitte during the administration process. All nine Fopp shops which HMV owned were also included in the purchase. The takeover deal was estimated at £50 million.[6]
Following the purchase by Hilco UK, it was reported that the company was seeking to reduce the number of shop staff across the business, as part of an effort to save £7.8 million on the wages budget. Shops would lose security staff, cashiers and supervisors, with managers required to provide cover.[62]
HMV launched a music download service in October 2013 (www.hmvdigital.com), provided by 7digital,[63] which includes iOS and Android apps.[64]
The company moved its flagship Oxford Street shop back to the original site at 363 Oxford Street on 23 October 2013.[65] HMV's existing flagship shop at 150–154 Oxford Street, formerly the largest music shop in the world, closed on 14 January 2014.[66]
By 2014, HMV had gained the second highest share of the UK entertainment market, behind Amazon.[67] The company's filing to Companies House in September 2014 revealed it had made a profit of £17 million in the 11 months since it had entered administration.[68] In January 2015, HMV overtook Amazon to become the largest retailer of physical music in the UK.[69]
HMV relaunched its online shop in June 2015, providing CDs, DVDs, Blu-ray Discs, and LP records for online order and home delivery with exclusive stock also available.[70]
In June 2015, HMV relaunched an online shop to accompany its existing music download service.[71]
However, the originally safe shops of York, Soilhull, Portsmouth and Belfast would shut.
Sunrise ownership (2019–present)
[edit]On 28 December 2018, HMV confirmed it had again been placed into administration. Hilco UK cited the "tsunami" of retail competition as the reason for the move.[72] On 5 February 2019, Canadian record shop chain Sunrise Records announced its acquisition of HMV Retail Ltd. from Hilco UK for an undisclosed amount. Sunrise had previously acquired the leases for over 70 HMV locations in Canada after HMV Canada entered receivership, which expanded the Ontario-based retailer into a national chain. Sunrise plans to maintain the HMV chain and five Fopp shops, but immediately closed 27 locations, including the flagship Oxford Street branch and other locations with high rent costs.[73]
Company founder Doug Putman stated that he planned to increase the chain's emphasis on vinyl phonograph sales as part of the turnaround plan: Sunrise's leverage of the vinyl revival had helped bolster the Canadian locations' performance after the shops' transitions from HMV, having sold at least 500,000 vinyl LPs in 2017 alone. Putman argued that, despite the growth of digital music sales and streaming, "talk about the demise of the physical business is sometimes a bit exaggerated, especially in music specialists. Most of the decline is coming from nontraditional sellers like the grocery chains. We'll be here for quite some time."[74][75][73]
On 25 February 2019, the Financial Times reported that the Sunrise acquisition was valued at £883,000. Following subsequent negotiations with its landlords, by late-February, HMV reopened 13 of its shops (including one Fopp shop).[76][77][78]
The store in Belfast which had previously re-opened up in March 2014 after a £1 million pound refurbishment, was threatened with closure in February 2019. However, a deal was reached with Frasers Group which allowed the shop to continue trading.[79][80]
In October 2019, the new owners opened the HMV Vault on Dale End, Birmingham, billed as Europe's biggest entertainment shop and stocking tens of thousands of CDs and vinyl records and other products.[81]
COVID-19 pandemic and 100th birthday (2020–2021)
[edit]From 22 March to 15 June, and then from 5 November to 2 December 2020 and from 4 January 2021 to 12 April 2021 (in England), all HMV shops were closed because of the COVID-19 pandemic.[82]
Into the 2020s, HMV began opening new and relocated shops, including in locations which previously had HMV branches that had earlier shut, such as Solihull.[83] In some cases these new outlets were opened in shops vacated by the demise of other retail chains, particularly Arcadia Group, with an HMV shop opened in Dunfermline premises previously occupied by Burton Menswear and Dorothy Perkins,[84] a return to Broadway Shopping Centre, Bexleyheath – again in former Burton/Perkins premises – nine years after the closure of their previous shop in the town,[85] and a relocation in Wigan from a smaller prior site to larger premises vacated by Topshop/Topman.[86]
In July 2021, HMV celebrated its 100th birthday. In celebration, the firm released 37 limited edition vinyl albums.[87] A 100 track CD compilation entitled Now That's What I Call HMV was also released. The album was only available to buy at HMV shops, and online on HMV's website, plus eBay.
In 2021, the company began to rebrand, using the motto "The HMV Shop" for shopfronts and social media, the previous logo is still used in most shops (including the flagship HMV Vault shop), and the website.[88]
In April 2023 it was confirmed that HMV had signed up to reopen a new-format shop in their original home at 363 Oxford Street after four years away,[89] during which time the premises had been occupied temporarily by "American candy" outlets, along with other vacated shops on the street.[90] This will be, following runs from 1921 to 2000 and 2013–2019, HMV's third stint at 363 Oxford Street.
On 18 May 2023, Sunrise Records announced HMV would re-enter the Irish market again with a shop on Dublin's Henry Street, in a unit previously occupied by the company during their first incarnation. The shop opened on 30 June 2023.[91][92]
On 21 July 2024, Phil Halliday, the managing director of HMV announced; that there was an increase of customers buying physical media formats of films and television shows commercially released on DVD and Blu-ray.[93]
International operations
[edit]Belgium (2023–present)
[edit]In November 2023, Sunrise Records announced that HMV would expand into Belgium.[94] In March 2024, it was announced HMV would open its second Belgian location.[95]
Canada (1986–2017, 2024–present)
[edit]In 1986, EMI Music Canada purchased the Mister Sound chain.[citation needed] EMI then attempted to rebrand the sites as His Master's Voice stores, but were not granted the rights from RCA who own the rights to 'His Master's Voice in the U.S. and Canada.[citation needed] However, EMI were not prevented from using just the 'HMV' initials, which were sometimes initialised to "Hot Music Values" in radio and television commercials in the 1990s.[citation needed]
In 1991, EMI opened HMV Canada's flagship store at 333 Yonge Street in Toronto.[citation needed] The flagship store hosted in-store concerts from Puff Daddy, D'Angelo, Green Day, Foxy Brown, Ramones, Guns N' Roses, Backstreet Boys, and NSYNC. A concert hosted by the Red Hot Chili Peppers had the Yonge and Edward Street intersection closed off.[96][97] The Yonge Street store was also notable for promoting local indie music scene by giving unsigned bands prominent shelf space on the ground floor, as well as hosting in-store concerts and events with Toronto bands.[97]
The retailer also occupied a two-level, 20,000 square foot store in West Edmonton Mall which included an event stage (known as the Phase IV Stage) in front of the store. The Phase IV Stage often hosted musical performances or autograph signings by artists who were making tour stops in Edmonton.[98]
In June 2010, HMV Canada launched purehmv, a customer rewards program that offered store discounts and exclusive items across music, film, and gaming in exchange for points gained in-store.[99] Over 300,000 customers joined the program in its first four months.[100]
In June 2011, HMV Canada sold its stores for £2 million to Hilco Capital, a British firm specialising in retail restructuring.[101]
In late 2011, HMV Canada announced closures of its Downtown Vancouver and Richmond Centre stores.[102]
By 2012, HMV had 113 stores in Canada, down from 121 when it was sold by HMV Group. However, Hilco Capital opened several new stores, including one in Peter Pond Mall in Fort McMurray.[103] In late 2012, Hilco Capital reported they were successful at restructuring HMV Canada, and that there were no plans to cease operations.[104] As part of its strategy, HMV Canada focused on growing back-catalogue music and movies not found at discount rivals, while also carrying higher-margin merchandise like gifts, collectibles, clothing and headphones, while removing video games and technology hardware from sale.[citation needed]
By January 2017, the company had $39 million in debt, after running at a loss since 2014.[citation needed] Hilco Capital stated that financial difficulties, combined with decreasing sales, meant the current situation was not sustainable. On January 27, 2017, HUK 10 Ltd., the shell company owned by Hilco employee, business partner of Nick Williams, and owner of HMV UK, Paul McGowan sued HMV Canada in the Ontario Superior Court.[105] They were successful, and Hilco Capital announced plans to close all HMV Canada locations by April 30, 2017.[106] HMV Canada locations held clear-out sales of their remaining inventory.[107] The flagship store on Yonge Street in Toronto closed on April 14, 2017.[96]
In February 2017, Ontario-based chain Sunrise Records bought the leases of 70 of HMV Canada locations in an effort to convert into Sunrise Records locations, and invited 1,340 former HMV Canada employees to apply for 700 positions. HMV Canada's flagship location on Yonge Street in Toronto was one of the several locations that were not part of the deal, and remained vacant.[108][109] Its head office was located in Etobicoke.[110]
On February 5, 2019, Sunrise Records subsequently announced its intent to buy HMV UK out of administration from Hilco Capital for an undisclosed amount, with the possibility of HMV Canada's revival being considered.[111]
In February 2024, Toys "R" Us Canada (also owned by Sunrise Records owner Doug Putman) announced that it would begin to introduce HMV-branded store-within-a-store departments at its locations, carrying music, home video, and various pop-culture collectibles. The retailer also returned to online trading.[112]
Ireland (1986–2013, 2013–2016, 2023–present)
[edit]HMV established its first shop in Ireland in 1986 following the retailer's expansion to Canada. The first shop to open was on Grafton Street which became very popular for numerous big name Irish acts performing live in the shop. The retailer expanded in Dublin with a second shop on Henry Street and that followed with expansion into Cork in the late 1980s before adding a shop in Limerick City in the 1990s. The retailer expanded with numerous shops in the Greater Dublin region and nationwide again into Galway and Newbridge in the early to mid 2000s.
On 5 February 2011 HMV Ireland announced that its profits had fallen by almost 90% to €465,000, compared to €4.1 million the previous year.[113]
On 16 January 2013, HMV Ireland declared receivership which required the company under Irish law to close all its shops immediately.[114]
In April 2013, Hilco also stated that it hoped to reopen a HMV shop in Ireland following the closure of all shops in the country.[115] Later, on 9 June 2013, it was confirmed that Hilco Capital Ireland had purchased HMV Ireland, and would reopen five shops within six weeks.[116]
In January 2016, HMV Ireland confirmed the closure of its Galway City shop, and its shop on Dublin's Grafton Street, with both to close by the end of that month.[117] This followed the closure of many Xtravision and HMV Xtravision branded outlets at the end of December 2015/early January. In late January 2016, the remainder of Xtravision was liquidated.
In July 2016, Hilco announced it would be closing its five remaining Irish shops, in order to refocus HMV in Ireland as a new digital service (HMV Digital) where customers can stream, rent or purchase music and films online. The new HMV digital service was to launch in Ireland before rolling out into the UK and Canada.[118] However, HMV failed to successfully launch its new digital service in Ireland. All shops closed between 29 and 30 August 2016.[119]
In June 2023, it was announced that HMV would return to Ireland, with a store in Dublin.[120]
Japan (1990–present)
[edit]In 1990, EMI established HMV Japan.[121] Since JVC Kenwood Holdings (through its JVC and Victor Entertainment subsidiaries) controls the His Master's Voice trademark in Japan following a break-up from RCA Records, HMV Japan uses a stylised gramophone of its own design as its trademark. As with the former U.S. and Canadian operations, HMV Japan's use of the initials "HMV" has never been challenged.
In July 2007, HMV Japan, which operates 62 shops, was sold to DSM Investment Catorce. The brand, shops and website would continue to trade as HMV, but would no longer be owned by HMV Group.[122]
On 28 October 2010 the Japanese convenience shop giant Lawson acquired all shares of HMV Japan from Daiwa Securities SMBCPI for ¥ 1.8 billion. KK HMV Japan became a part of Lawson, and was renamed KK Lawson HMV Entertainment (株式会社 ローソンHMVエンタテイメント) on 1 December in the same year. Terms of the deal were published on official websites.[123] HMV is currently known in Japan as "HMV & Books".[124]
Defunct international operations
[edit]Australia (1989–2010)
[edit]In 1989, HMV established its first Australian shop in the Sydney suburb of Parramatta, closely followed by a second in Chatswood in the same year.[citation needed] In 1990, HMV opened its flagship shop in the Sydney central business district.[citation needed] The 1,207-square-metre superstore in Pitt Street Mall was the largest music shop in the Southern Hemisphere and sold more CDs than any other shop in the country.[citation needed] It was also awarded the ARIA Charts Store of the Year on three occasions.[citation needed] By 1998, a further 27 shops were opened in key retail centres on the eastern seaboard of Australia, including other large units at Melbourne's Bourke Street Mall and Brisbane's 585-square-meter Queen Street Mall shop.[125]
In March 2000, HMV made local headlines when its larger rival, Sanity, signed a five-year deal with Festival Mushroom Records for a three-year online exclusivity window on all tracks downloaded from that label at Sanity's website.[citation needed] Sanity's competitors and other online services were meant to be blocked from Festival Mushroom's catalogue for that period unless Sanity agreed to deal with them. Chaos.com and Leading Edge Music both made public threats to boycott Festival Mushroom's content, but HMV Australia (whose website did not offer downloading) followed through, removing all CDs from their Australian shops, adding they would do the same overseas. By the next week, Festival Mushroom backed down, stating Sanity would simply be the wholesaler of their digital downloads for the next three years, requiring them to make all products available to other retailers at the time of release.[126][127][128]
In October 2005, Sanity's owner, Brazin Limited acquired the Australian operations of HMV for A$4 million (£1.7 million). The HMV Group's agreement with Brazin was to phase out the HMV brand in Australia by 2010. Immediately after this acquisition of HMV's 32 outlets, this put Brazin at its peak with its 74 Virgin Megastore and Virgin At Myer stores, in addition to Sanity's 215, and EzyDVD's 63 outlets around the country (not counting non-entertainment retail chains within Brazin, such as Bras N Things) and was by far Australia's largest entertainment retailer with close to 43% of the music retail market. However, most HMV shops in Australia had very high overhead costs due to their large footprints and expensive locations, thus most were gradually closed upon the end of rental leases. The remaining shops were re-branded to Sanity over the next five years.[129][130] The horizontal merger was approved by the Australian Competition & Consumer Commission the same month, leaving Brazin to merge marketing and general operations within the one entertainment division.[citation needed] Also in October, Brazin launched its Pulse loyalty card after a year of testing in the market. It worked by giving the customer one point for every dollar spent across Brazin's shop network, receiving a $5 discount voucher or other offers once 100 points were reached.[131]
By December 2006, HMV had shrunk to 22 outlets from its peak of 32 the year before.[132]
At the end of August 2007, HMV's Australian flagship shop in Pitt Street Mall was closed, when the Mid City Centre shopping centre it was located in was closed for renovation, and the large Bourke Street Mall shop closed on 19 February 2008.[citation needed] By mid-2010, the last HMV shop was closed in Brisbane by Sanity, and the last re-branded HMV shop trading as Sanity closed at Indooroopilly Shopping Centre in December 2012.[citation needed]
Germany (1990s–2000s)
[edit]As of April 1998, HMV traded in Germany as HMV Tonträger GmbH, with the business later closed in the 2000s.[133]
Hong Kong and Singapore (1990s–2010s)
[edit]In 1994, HMV opened its first store in Hong Kong at Windsor House, 311 Gloucester Road. Following this, HMV expanded into new shopping malls across the region. The Tsim Sha Tsui flagship store, located at the corner of Peking Road and Hankow Road, was the largest record shop in the territory.[134]
In Singapore, HMV was the second international music store established after Tower Records, which eventually closed. HMV operated a store at Marina Square, and previously had locations at 313@Somerset (which replaced a former shop at The Heeren) and the CityLink underground mall. HMV's pricing was generally higher than independent stores and local chains like Gramophone and That CD Shop, but it was the only retailer in Singapore to sell a variety of products, including games, T-shirts, books, and audio gear, alongside music and video.
In the 2000s, HMV Hong Kong partnered with Commercial Radio Hong Kong, renaming one of their channels HMV864 and broadcasting it in all HMV stores in the city. HMV Hong Kong was known for higher prices compared to independent record shops, particularly on non-promotional items. The Hong Kong stores were the second globally, after the UK, to introduce in-store digital kiosks, and the first in Asia. Initially, HMV Hong Kong used the same stylized gramophone logo as HMV Japan but later switched to the Nipper the Dog logo used by HMV UK, minus the gramophone.
On February 28, 2013, Deloitte announced that Hong Kong-based private equity firm AID Partners Capital Holdings had acquired HMV's businesses in Hong Kong and Singapore, as well as the rights to the HMV brand in China, Singapore and Taiwan.[135] HMV's 313@Somerset store in Singapore closed in November 2013, and the CityLink store closed earlier.[136]
In September 2015, HMV closed its last Singapore store.[137] In December 2018, the Hong Kong operations, which included four stores and an HMV-themed restaurant, were closed.[138][139]
As of May 2023, a company called HMV Brand Pte. Ltd. retains ownership of the defunct "HMV" and "His Master's Voice" brand in China, Singapore and Taiwan.[140]
Qatar (2015–2022)
[edit]In July 2015, it was announced that HMV had struck a deal with the Qatar-based company, Al Mana Lifestyle, for fifteen stores across Qatar, Bahrain, Kuwait, Oman and the United Arab Emirates. There were also plans for Egypt, Algeria, Tunisia and Morocco.[141] However, none of these plans came to fruition, and only one HMV store in Qatar's Al Mirqab mall was opened, which later closed in 2022.[142] The Al Mana Lifestyle Trading company retain the rights to the HMV brand across Qatar and Oman, whereas the rights to HMV in other Middle East reigons, such as the United Arab Emirates, is owned by Palm Green Capital Limited.[143]
United States (1990s–2004)
[edit]In the 1990s, the chain expanded into the United States, opening several stores along the East Coast, including a prominent flagship location in Manhattan.[133] Similar to Canada, EMI in the U.S. did not have rights to use "His Master's Voice"; as this trademark is owned by RCA. Though, HMV in the U.S. was not prevented from using just the "HMV" initials by themselves.[144]
HMV in the U.S. faced significant competition from rivals such as Tower Records, FYE and Virgin Megastores. The final shop in the United States, having lost £500,000 in 2003 and £1 million in 2004, closed on 3 November 2004.[145]
See also
[edit]References
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- ^ "HMV Canada to Close All 102 Stores by April". Anime News Network. 1 February 2017. Retrieved 5 February 2021.
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Separately, HMV said that the sale of the Japan business to DSM Investment Catorce, would allow it to focus on countries where it was a market leader. Opening in Tokyo's Shibuya district in 1990, HMV Japan now has 62 shops, with about 40 million visitors a year.
- ^ HMVジャパンの完全子会社に関する株式譲渡契約を締結 (in Japanese)
- ^ Inc, Lawson Entertainment. "HMV&BOOKS online: Online Shopping & Information Site for Books/ Music/ DVD/ Blu-ray/ Games/ Goods [English Site]". www.hmv.co.jp. Retrieved 16 September 2024.
{{cite web}}
:|last=
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- ^ Donovan, Patrick (17 March 2000). "New Deal Sounds Better To Retailers". The Age. Retrieved 21 June 2012.
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- ^ Eliezer, Christie (28 September 2005). "HMV Sells Australian Stores To Brazin". Billboard. Archived from the original on 19 February 2013. Retrieved 23 January 2013.
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- ^ Zaccheus, Hoe Pei Shan Melody (29 September 2013). "HMV to close outlet in Somerset, shift business to Marina Square store". The Straits Times. ISSN 0585-3923. Retrieved 9 September 2024.
- ^ Luis, Ernest; Lim, Jessica (30 September 2015). "HMV Singapore closes last outlet: Timeline of HMV's history". The Straits Times.
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- ^ "The fight for Nipper: takeaways from HMV's trademark battle in Singapore". www.worldtrademarkreview.com. Retrieved 9 September 2024.
- ^ Hillyard, Kim (13 July 2015). "HMV to open 15 stores in the Middle East". NME. Retrieved 29 December 2024.
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- ^ "Palm Green Capital Limited HMV Retail Limited v GEECOM (Full Decision _Transfer), [2013] DRS 13248 | Nominet UK Dispute Resolution Service, Judgment, Law, casemine.com". www.casemine.com. Retrieved 29 December 2024.
- ^ House, Companies (24 April 1999). "companies_house_document.pdf"&X-Amz-Signature=535874c0b24131610fc804e66ab86bd21bf52a60e12420a7dee5c50033b319a6 "HMV Media Group plc Report and Accounts". Companies House. Retrieved 9 September 2024.
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...HMV USA, where the last store of which closed on 3 November 2004."; "...a £1.0m loss last year and £0.8m of losses made in HMV USA in the prior year...
External links
[edit]- Media related to HMV at Wikimedia Commons
- Official website
- 1921 establishments in England
- Retail companies based in London
- British companies established in 1921
- Retail companies established in 1921
- 2019 mergers and acquisitions
- Companies that have entered administration in the United Kingdom
- Defunct retail companies of the United States
- Music retailers of the United Kingdom
- Retail companies of the United Kingdom
- Video game retailers in the United Kingdom
- Music retailers of Canada