A young Canadian saves HMVmain
The collapsed chain of UK record stores, signified by the dog-and-horn emblem, has been rescued from administration by the Canadian entrepreneur Doug Putman, owner of Sunrise Records.
He will preserve 100 stores and 1,487 jobs. A further 27 stores will close immediately.
Putman, 34, said he was ‘delighted to acquire the most iconic music and entertainment business in the UK.’
He is a strong believer in vinyl. Slipped Disc would like to suggest that he starts by upgrading the lightbulbs in HMV’s gloomy Oxford Street flagship store.