Published: 08:34, 05 February 2019
| Updated: 08:47, 05 February 2019
Staff at HMV stores throughout Kent will wake up this morning wondering whether they are among the lucky ones who will keep their jobs.
The struggling music retail business has been in administration but last night the administrators KPMG announced that a buyer had been found - the Canadian company Sunrise Records owned by entrepreneur Doug Putman.
The firm will buy 100 of the chain's 127 stores - saving 1,487 jobs, but the remaining 27 stores will close, resulting in 455 redundancies. Which stores will close and which remain open has yet to be announced.
Mr Putman had already bought the HMV stores in Canada back in 2017.
He said in future HMV would 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.
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More by this authorAlan Smith