LONDON (CelebrityAccess) — Music retailer HMV announced the re0opening of a handful of shuttered retail outlets as part of its rescue plan from its new owner Doug Putman, the owner of Canadian music retailer Sunrise Records.
The rescue plan, announced by administrator KPMG said that 100 of HMV’s outlets in the UK would remain open, while an additional 27 unprofitable retail locations would be shuttered.
This week, HMV announced that it has re-opened four additional stores in Glasgow, and may re-open additional stores in the coming weeks.
However, as MusicWeek noted, the company’s flagship store on Oxford Street in London was unlikely to re-open.
Putnam originally bought into the HMV brand with several purchases in Canada before he set his sights on the retailers UK operations.
“We’re always looking at new areas to open up in and we are not in non-growth mode,” Putman told MusicWeek. “If there’s a great up-and-coming area, let’s make sure we’re a part of that.”
HMV recently published an interview with Putnam.