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Asda reportedly interested in buying entire HMV brand and business
Huge UK supermarket chain Asda, owned by Walmart, is apparently considering a deal to buy HMV. And not just some stores: The Sun reported that Asda/Walmart was looking at taking on the entire HMV brand and business.The Sun cited a source in the City and said a deal had to be struck within a fortnight, which is the deadline for a “huge” rent bill that HMV owes.Owning HMV would, as The Sun pointed out, give Asda incredible power over entertainment suppliers who are keen to see HMV live on. Read more…
