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HMV’s HK, Singapore shops sold to equity firm

By , on February 28th, 2013

<!– google_ad_section_start –> HONG KONG (AP) — A private equity firm has bought struggling British music retailer HMV’s Hong Kong and Singapore business. AID Partners Capital Ltd. said Thursday it’s acquiring six stores and an e-commerce site in Hong Kong and two stores in Singapore. It didn’t say how much it was paying HMV Group PLC for the businesses, which generate more than 300 million Hong Kong dollars ($39 million) in sales annually. The deal also includes licenses for mainland China, Macau and Taiwan. <!– google_ad_section_end –>

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HMV’s HK, Singapore shops sold to equity firm

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