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54-658: In February 2019, Sunrise Records expanded internationally, buying a number of the British HMV and Fopp stores out of administration, as well as returning HMV to Canada and Ireland, and entering the Belgian market. In January 2020, Sunrise Records purchased FYE in the United States. The company was founded in Toronto in 1977, with a location on Yonge Street . It was bought in 1978 by Malcolm and Roy Perlman. For

108-453: 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. On 29 June 2007, the entertainment retailer Fopp went into administration, with the closure of 81 shops and 800 staff made redundant. On 31 July HMV bought the brand and six shops that it said had traded profitably, saving around 70 jobs. On 1 September 2008, HMV launched "Get Closer",

162-641: A London male youth oriented weekly paper which was published throughout the British Empire . 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 , London, in

216-714: 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." 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). The store in Belfast which had previously re-opened up in March 2014 after

270-449: A factor in its performance (at least half a million vinyl LPs were sold by the chain in 2017). On February 5, 2019, Sunrise announced that it had acquired HMV Retail Ltd. —the HMV chain's British parent company—from Hilco UK for an undisclosed amount (later revealed to be £ 883,000). The company had, for a second time, announced its intent to enter administration . Sunrise plans to maintain

324-399: A factor in its performance (at least half a million vinyl LPs were sold by the chain in 2017). On February 5, 2019, Sunrise announced that it had acquired HMV Retail Ltd. —the HMV chain's British parent company—from Hilco UK for an undisclosed amount (later revealed to be £ 883,000). The company had, for a second time, announced its intent to enter administration . Sunrise plans to maintain

378-476: A former men's clothing shop; the composer Edward Elgar participated in the opening ceremonies. In March 1931 the Gramophone Company merged with Columbia Graphophone Company to form Electric and Musical Industries Ltd ( EMI ). 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

432-831: A holding of around 45%. The new joint venture then bought the Waterstones chain of bookshops to merge with Dillons. By 2002, EMI's holding in HMV Media was 43%, with Advent International owning 40% and management the remainder. The company floated on the London Stock Exchange later in the year as HMV Group plc, leaving EMI with only a token holding. HMV operated a loyalty scheme branded as "purehmv", first launched in August 2003, but subsequently closed and relaunched in 2008. The scheme awarded cardholders points for purchases, which could be collected and redeemed on

486-455: 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

540-400: 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. 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

594-402: A number of the British HMV and Fopp stores out of administration, as well as returning HMV to Canada and Ireland, and entering the Belgian market. In January 2020, Sunrise Records purchased FYE in the United States. The company was founded in Toronto in 1977, with a location on Yonge Street . It was bought in 1978 by Malcolm and Roy Perlman. For a period, Sunrise was considered one of

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648-577: A period, Sunrise was considered one of the five major record store chains in Canada, alongside HMV Canada , Music World, Sam the Record Man , and A&A Records . However, by the 2000s, with the shift towards online music stores and other factors (including the dominance of HMV), most of these smaller chains downsized or shut down. In 2014, Sunrise closed its flagship store in Toronto. In October 2014,

702-422: A prominent location to stock their physical product. The company's announcement quoted Universal Music Canada president Jeffrey Remedios , who felt that record stores were still important to fans and artists, and that they were "a community hub where passions are shared, art is explored, and lasting journeys begin." Putman added that "it is really sad to see HMV go. They were a great retailer and they really helped

756-500: 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, and a relocation in Wigan from a smaller prior site to larger premises vacated by Topshop / Topman . In July 2021, HMV celebrated its 100th birthday. In celebration, the firm released 37 limited edition vinyl albums. A 100 track CD compilation entitled Now That's What I Call HMV

810-678: A share) on 7 February 2006, which was rejected by HMV as an insufficient valuation of the company. 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, resulting in Permira withdrawing from bidding. 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

864-785: A social networking site allowing users to import their own music library, rivalling other providers including online music shops Napster and the iTunes Store . The site was closed in September 2009. 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. 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

918-492: A success, and it had been planned to open additional cinemas in HMV's Cheltenham shop, and Waterstone's in Piccadilly , London. 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% 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

972-589: A third decade into the 1990s, with the company reaching over 320 shops 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. HMV celebrated its 75-year anniversary in 1996. 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

1026-716: 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. 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. 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

1080-621: Is a Canadian record store chain based in Hamilton, Ontario . Currently owned by Doug Putman (whose family also runs Everest Toys), it currently operates in nine Canadian provinces . Originally operating with only 9 locations in Ontario , the chain announced a major expansion in February 2017, under which it purchased leases for 70 locations formerly occupied by HMV Canada . The chain runs approximately 85 locations across Canada. In February 2019, Sunrise Records expanded internationally, buying

1134-567: Is explored, and lasting journeys begin." Putman added that "it is really sad to see HMV go. They were a great retailer and they really helped the physical business in Canada." Of the converted stores, Sunrise planned to stock a larger and broader array of music in comparison to HMV, including larger selections of vinyl records and music by local independent artists, as well as expanded offerings of music and entertainment apparel and merchandise. The new chain has been successful and profitable, with renewed interest in vinyl records having been cited as

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1188-653: Is owned by JD Sports and operated by Sunrise Records , except in Japan, where it is owned and operated by Lawson . The retailer was opened by the Gramophone Company on London's Oxford Street , named after the Francis Barraud painting, His Master's Voice . In 1998, it was divested from EMI (successor to the Gramophone Company), to form what would become HMV Group plc. In August 2007, HMV bought rival retailer, Fopp . In April 2013, HMV Group plc

1242-544: The COVID-19 pandemic . 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 . 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 ,

1296-564: The Hammersmith Apollo . On 23 December 2009, it bought the whole of the MAMA Group in a live music takeover deal worth £46 million. 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. In October 2009, HMV established

1350-574: The Square One Shopping Centre , Promenades Saint-Bruno . Polo Park , West Edmonton Mall , Midtown in Saskatoon, and Metropolis at Metrotown ), while retaining as many former HMV employees as possible. Putman felt that the bankruptcy of the chain was a major opportunity to expand the regional Sunrise chain into a national brand. He noted that record labels had become concerned by the closure of HMV because they would not have

1404-527: The 11 months since it had entered administration. In January 2015, HMV overtook Amazon to become the largest retailer of physical music in the UK. 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. In June 2015, HMV relaunched an online shop to accompany its existing music download service. However,

1458-549: The HMV brand could theoretically be reintroduced to Canada; in January 2024, sister company Toys "R" Us Canada announced plans to relaunch HMV as a store-within-a-store concept, stocking a similar selection of music, home video, and collectibles. In 2020, Sunrise announced the purchase of U.S. chain FYE from Trans World Entertainment . HMV HMV is a British music and entertainment retailer, founded in 1921. The brand

1512-558: 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". Waterstones then announced that it had successfully negotiated a takeover of Ottakar's on 31 May 2006. All 130 Ottakar's shops were rebranded as Waterstones prior to Christmas 2006. In March 2007, new group CEO Simon Fox announced

1566-402: 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 . Growth continued for

1620-490: The bankruptcy of the chain was a major opportunity to expand the regional Sunrise chain into a national brand. He noted that record labels had become concerned by the closure of HMV because they would not have a prominent location to stock their physical product. The company's announcement quoted Universal Music Canada president Jeffrey Remedios , who felt that record stores were still important to fans and artists, and that they were "a community hub where passions are shared, art

1674-681: The chain opened new locations, expanding to nine within Ontario. In January 2017, HMV Canada entered receivership, and announced that it intended to close all stores by the end of April. On February 26, 2017, Sunrise Records announced that it had negotiated to purchase the leases for 70 of HMV's locations from landlords to convert them to Sunrise stores (including major locations such as the Square One Shopping Centre , Promenades Saint-Bruno . Polo Park , West Edmonton Mall , Midtown in Saskatoon, and Metropolis at Metrotown ), while retaining as many former HMV employees as possible. Putman felt that

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1728-449: The chain was acquired by Doug Putman ; under Putman, the chain opened new locations, expanding to nine within Ontario. In January 2017, HMV Canada entered receivership, and announced that it intended to close all stores by the end of April. On February 26, 2017, Sunrise Records announced that it had negotiated to purchase the leases for 70 of HMV's locations from landlords to convert them to Sunrise stores (including major locations such as

1782-462: 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

1836-410: The chain's operations under the HMV and Fopp banners, and mirror its larger focus on pop culture merchandise and vinyl records. On the day the sale was announced, 27 locations (including its flagship Oxford Street store) were immediately closed, but by late-February, five of the shuttered stores had re-opened, with at least four more to follow. Putman noted that it was "unlikely, but possible" that

1890-406: The chain's operations under the HMV and Fopp banners, and mirror its larger focus on pop culture merchandise and vinyl records. On the day the sale was announced, 27 locations (including its flagship Oxford Street store) were immediately closed, but by late-February, five of the shuttered stores had re-opened, with at least four more to follow. Putman noted that it was "unlikely, but possible" that

1944-592: The chief executive Trevor Moore, had been made at the group's offices in London, Marlow and Solihull. Deloitte confirmed on 20 February 2013 that an additional 37 shops would close. On 26 February 2013, six shops were sold to supermarket chain Morrisons . 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

1998-470: The company operated at multiple locations. The first of the shop closures began at the end of January 2011. 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 . HMV sold the Hammersmith Apollo to AEG Live and Eventim in May 2012 for £32 million. It sold

2052-409: 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 around £50 million. Following the purchase by Hilco UK, it was reported that the company

2106-433: The company owed the value, but were accepted again from 22 January 2013. 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. It was revealed that the total debt Hilco had bought amounted to around £110 million, and that HMV owed around £20 million in tax to HM Revenue and Customs at

2160-428: The five major record store chains in Canada, alongside HMV Canada , Music World, Sam the Record Man , and A&A Records . However, by the 2000s, with the shift towards online music stores and other factors (including the dominance of HMV), most of these smaller chains downsized or shut down. In 2014, Sunrise closed its flagship store in Toronto. In October 2014, the chain was acquired by Doug Putman ; under Putman,

2214-406: 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. Company founder Doug Putman stated that he planned to increase

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2268-402: The original site at 363 Oxford Street on 23 October 2013. HMV's existing flagship shop at 150–154 Oxford Street, formerly the largest music shop in the world, closed on 14 January 2014. By 2014, HMV had gained the second highest share of the UK entertainment market, behind Amazon . The company's filing to Companies House in September 2014 revealed it had made a profit of £17 million in

2322-491: The originally safe shops of York, Soilhull, Portsmouth and Belfast would shut. 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. 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

2376-422: The physical business in Canada." Of the converted stores, Sunrise planned to stock a larger and broader array of music in comparison to HMV, including larger selections of vinyl records and music by local independent artists, as well as expanded offerings of music and entertainment apparel and merchandise. The new chain has been successful and profitable, with renewed interest in vinyl records having been cited as

2430-575: The premises had been occupied temporarily by "American candy" outlets, along with other vacated shops on the street. 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. Sunrise Records Sunrise Records and Entertainment Ltd.

2484-562: 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. On 15 January 2013, HMV Group appointed Deloitte as company administrators and suspended shares , putting its 4,350 UK employees at the risk of redundancy. Gift vouchers were initially declared void since holders are classified as unsecured creditors to whom

2538-450: The retailer would also enter the Belgian market. In February 2024, Sunrise Records announced HMV would re-enter the Canadian market as an in-store concession within Toys "R" Us locations. 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"

2592-438: The time of its entry into administration. On 31 January 2013, it was reported that 190 redundancies had been made at the head office and distribution centres. On 7 February 2013, Deloitte confirmed that 66 shops had been identified for closure. 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

2646-567: Was also added. The acquisitions were investigated and cleared by the Office of Fair Trading in April 2009. In the 2008 MCV Industry Excellence Awards, HMV was given the title Entertainment Retailer of the Year. In January 2009, HMV bought a 50% stake in MAMA Group, forming a joint venture with the group called the Mean Fiddler Group. The deal introduced the HMV brand to live music venues, including

2700-490: 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. 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, during which time

2754-489: Was bought by Hilco UK for an estimated £50 million after falling into administration, with some international divisions divested off. In February 2019, British retailer JD Sports acquired the HMV brand, and the Canadian retailer Sunrise Records acquired HMV's stores, to operate under license. In May 2023, Sunrise Records announced the retailer would return to Ireland, followed by an announcement in November 2023 that

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2808-653: 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. By 23 March 2013, Deloitte was seeking to complete a deal to sell 120 shops as a going concern. The decision to close several shops that had previously been identified for closure were reversed following talks with landlords. 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. On 5 April 2013, Hilco UK announced that it had acquired HMV, taking

2862-496: 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. HMV launched a music download service in October 2013 (www.hmvdigital.com), provided by 7digital, which includes iOS and Android apps. The company moved its flagship Oxford Street shop back to

2916-531: 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. 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

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