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 a…
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.
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. It has also revived its tradition of welcoming music artists to its stores, hosting events and signings for the likes of Charli XCX, Stormzy, Shania Twain, Raye and Ellie Goulding in its UK sites over the past year.
“We are also opening stores in Europe this year, so while it is the culmination of one phase of work, more excitingly we see it as the launchpad for an exciting new era for HMV.”
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