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LONDON (Reuters) – HMV, the British music retailer that has collapsed after Christmas, has been sold to the owner of Sunrise Records, the Canadian group, under an agreement that will save 100 stores and 1,487 jobs, the co-directors said on Tuesday.
Sunrise Records general manager Doug Putman is delighted to acquire "the UK's most iconic entertainment and music company" and aims to replicate his company's success. in Canada.
The directors stated that 27 stores were not included in the transaction and would close immediately, resulting in 455 redundancies.
(Report by Paul Sandle, edited by Kate Holton)
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