What's happening to His Masters Voice?

February 4, 2011
Less than a minute

HMV shareholder Alexander Mamut, who owns a 6.1% stake in the retailer, has appointed Credit Suisse to advise him on the options for the group.

The immediate question is why? There are two possibilities. One is a straightforward asset strip – close the business down and sell off the stores. The other is to trade it as a going concern. If that is the case then who is going to run it and where are the ideas going to come from? It is possible that Waterstones could go to one of several people who seem to be interested, the real problem is what to do with HMV. The whole music and video retail scene is littered with retailers who have tried and failed and no one has yet been able to demonstrate that there is a long term future for a high street retailer in the HMV mould.

Richard Perks
More from Mintel
  • Mintel Store
    Mintel Store
    Get smart fast with our exclusive market research reports, delivering the latest data, innovation, trends and strategic recommendations....
    View reports
  • Mintel Leap
    Mintel Leap is a revolutionary new AI-powered platform that will transform your research process....
    Book a demo
Subscribe to Mintel Spotlight
Related articles
April 26, 2024
On April 23, 2024, Chicago-based premium convenience stores Foxtrot Market and Dom’s Kitchen & Market permanently and abruptly closed all 35 locations with news of a Chapter 7 filing for…
March 12, 2024
In this new blog series, Mintel reviews the latest retailer marketing and innovations, including new store openings, online developments, new concept or category launches. For this month’s highlight, our retail…
March 5, 2024
The UK homeware market has shown remarkable resilience and adaptability in recent years, having faced the extended hiatus of the COVID-19 outbreak and a cost of living crisis which squeezed…

Download the Latest Market Intelligence