RETAIL UPDATE: HMV snaps up 14 Zavvi stores

Entertainment retailer buys handful of outlets from rival?s administrator.
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HMV has acquired 14 Zavvi stores from its rival’s administrators, Ernst & Young.

HMV expects the cost of its acquisition to be around £2m, including a purchase price of £700,000 plus the refit and rebranding of the outlets.

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Following the closure of Woolworths, in the brand new licensed retail landscape several stores are staking their claim on our market. HMV is a growing presence and, as Samantha Loveday discovers, has the ambition to go even further...

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