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HMV stores in Bluewater and Tunbridge Wells set to close after takeover

Two HMV stores in Kent are set to close after the store announced a buyer has been found to take over most of its high street shops.

Stores in Bluewater and in Tunbridge Wells are set to close after it was revealed the struggling music business had found a buyer.

It had been in administration but last night administrators KPMG announced the Canadian company Sunrise Records, owned by entrepreneur Doug Putman, would buy 100 of its stores saving almost 1,500 jobs.

HMV stores in Bluewater and Tunbridge Wells will close
HMV stores in Bluewater and Tunbridge Wells will close

The firm's remaining 27 stores will close, resulting in 455 redundancies, and it has been revealed the store at Bluewater in Greenhithe and the Tunbridge Wells store in Royal Victoria Place, are set for closure. It is understood they will close almost immediately.

Mr Putman had already bought HMV stores in Canada back in 2017.

He said in HMV will stock more vinyl records, in response to growing customer demand.

The move has surprised the City, with many expecting Sports Direct owner Mike Ashley to scoop up the brand.

In December it was announced that poor sales had put the company in administration for the second time in six years.

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