WORCESTER’S HMV store have escaped closure after the retailer was bought out of administration by Sunrise Records.
Staff at the High Steet store faced an anxious wait after it was announced 27 of the music chain’s unprofitable stores would close immediately resulting in 455 redundancies.
But the Worcester store is not among the casualties unlike high profile outlets at Merry Hill, Bluewater and Westfield London and the retailer’s first ever shop on Oxford Street in London.
Canadian company Sunrise Records will now take on HMV’s remaining 100 stores, safeguarding almost 1,500 jobs.
HMV’s administrator KPMG will retain a further 122 employees at warehouse functions to assist in winding down operations.
