28 Feb '13, 11am

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 Partners: Hong Kong based private equity firm AID Partners Capi...

You are here: Home | News | HMV Hong Kong and Singapore stores sold to AID Partners HMV Hong Kong and Singapore stores sold to AID Partners Thursday February 28th 2013 Tweet Hong Kong based private equity firm AID Partners Capital has bought HMV's Hong Kong and Singapore businesses from the administrators as well as its operating licenses for China, Macau and Taiwan. Administrators Deloitte said that AID Partners had bought the collapsed entertainment retailer’s six stores in Hong Kong and two stores in Singapore. The deal also includes additional brand rights in China, Macau and Taiwan. Rob Harding, joint administrator, said: "We are delighted to have completed the sale of HMV’s Asian business and wish AID Partners and the HMV Asia team every success for the future in developing this iconic brand further. "Since the broader HMV group entered administration on 15 January, ...

Full article: http://www.theretailbulletin.com/news/hmv_hong_kong_and_s...

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