Our lawyers are experts in their fields. Through commentary and analysis, we give you insights into the pressures impacting business today.VIEW ALL
HMV Retail Limited (in administration) and HMV Ecommerce Limited(in administration), the operators of 127 music retailers across the UK employing around 2,000 staff, went into administration at the end of last year.
Howard Kennedy was called in to act for KPMG, the administrators of HMV, to assist in the administration process which culminated, on Tuesday 5 February, in a successful sale of the business to Sunrise Records & Entertainment and the continued trading of 100 of the chain’s stores. Sunrise Records, controlled by Doug Putman the owner of Sunrise Records Group in Canada (formerly the HMV stores in Canada), further announced that 1,487 jobs would be saved in the deal.
The Howard Kennedy team advising KPMG was led by Jonathan Polin, Partner.
Jonathan Polin, Partner
The window in which to deliver such an outcome for HMV and its staff was a small one, meaning time was of the essence. The Howard Kennedy team’s ability to handle not only multiple supplier negotiations but also multiple bids along with turning transaction documents and key contracts around in an expedited timetable was paramount to delivering this positive result for our client.