Following news of music retailer HMV’s sale to Canadian company, Sunrise Records, a list of HMV and Fopp stores marked for immediate closure has been released.
Among them is the brand’s flagship Oxford Street branch, which was the location of HMV’s first store.
The move will result in 455 redundancies, according to the BBC.
HMV and Fopp branches set for closure
Fopp, Glasgow Byres
Oxford Street, London
Plymouth, Drake Circus
100 stores saved from closure
Sunrise Records (headed up by chief executive, Doug Putman) chased off competition including Sports Direct owner, Mike Ashley, to purchase HMV. The company will buy 100 stores out of administration, saving close to 1,500 jobs.
Putman has said that the shops will continue to operate under the HMV and Fopp brands, rather than adopting Sunrise Records signage.
The entrepreneur purchased the Sunrise Records retail chain in Canada in 2014. He then bought over HMV’s Canadian business in 2017, expanding Sunrise Records into a national operation with 80 outlets.
Putman told BBC Radio 4 that, under his supervision, HMV would stock more vinyl to keep up with customer demand.