Music retailer HMV has announced plans to reopen its historic flagship store on London’s Oxford Street later this year as part of a larger expansion plan.
The music chain closed the store in 2019 after going into administration but the company’s fortunes have changed following its acquisition later that same year by Canadian businessman Doug Putnam’s Sunrise Records.
HMV first opened on the site in 1921 and became part of UK pop music folklore, with connections to The Beatles’ first break, and a hub for promotional events and signings, hosting events for Blur and the Spice Girls in its 1990s heyday.
Putnam, who has a reputation for turning around ailing retail businesses having also rescued Toy ‘R’ Us, said the return to health for the company was down to its fan and community-focused approach.
Read more on deadline.com
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