RAY OF HOPE FOR HMV

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RAY OF HOPE FOR HMV

2/4/19

Another party has emerged in the race to save HMV with the head of Canadian retailer Sunrise Records, Doug Putman, submitting a bid for the British retailer.

Putman already has history with HMV. Through Sunrise Records, he took over about 70 HMV stores in Canada after the chain fell into administration there in early 2017. He has been President of Sunrise since 2014, and has helped revive HMV in Canada by offering a locally focused specialist stock that focuses on vinyl. Multiple reports suggest Putman could save up to 90 of HMV’s 125 stores in the U.K.