28 Feb '13, 9am

Hong Kong PE Firm Buys HMV's Hong Kong, Singapore Businesses - Wall Street Journal (blog): Wall Street Journal...

Hong Kong PE Firm Buys HMV's Hong Kong, Singapore Businesses - Wall Street Journal (blog): Wall Street Journal...

Hong Kong-based private-equity firm AID Partners agreed to buy music retail chain HMV’s Hong Kong and Singapore businesses, even as the industry continues to struggle from a consumer shift toward online shopping and digital downloads. “The brand is one of the key reasons we wanted to do this deal. We want to revitalize it,” said Kelvin Wu, principal partner of AID Partners. AID Partners would also acquire all of HMV’s licenses for mainland China, Macau and Taiwan, it said in a statement Thursday, without disclosing the terms of the deal. HMV’s businesses in Asia are a separate legal entity to HMV Group PLC, which entered administration last month. HMV’s Hong Kong and Singapore operations generate more than 300 million Hong Kong dollars (US$38.7 million) in annual turnover through six stores in the territory and two in Singapore, according to the statement. HMV also operate...

Full article: http://blogs.wsj.com/deals/2013/02/28/hong-kong-pe-firm-b...

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Private equity firm buys music retailer HMV's Singapore, Hong Kong operations

Private equity firm buys music retailer HMV's S...

straitstimes.com 28 Feb '13, 4am

HONG KONG (REUTERS) - Private equity firm Aid Partners said it has bought British music and video retailer HMV's Hong Kong...

HMV Hong Kong and Singapore stores sold to AID Partners: Hong Kong based private equity firm AID Partners Capi...

HMV Hong Kong and Singapore stores sold to AID ...

theretailbulletin.com 28 Feb '13, 11am

You are here: Home | News | HMV Hong Kong and Singapore stores sold to AID Partners HMV Hong Kong and Singapore stores sol...

BRIEF-Administrators to HMV sell Hong Kong, Sin...

reuters.com 28 Feb '13, 10am

LONDON | Thu Feb 28, 2013 4:37am EST LONDON Feb 28 (Reuters) - HMV Group PLC : * Administrators to HMV sell 6 Hong Kong st...

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Singapore's two HMV outlets to stay open after ...

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scmp.com 11 Mar '13, 12am

The new owner of the Hong Kong and Singapore outlets of the iconic British music retail chain HMV has two targets: to acqu...