THE HMV outlet in Dundalk might be inline for a resurrection after news this week that the giant retailer was successfully bought by a restructuring expert. It is thought highly likely that a numebr of HMV branches will be opened in Ireland pending rent reviews, with some suggesting that as many as 10 store could reopen.
Hilco has bought 141 stores in the UK, 25 of which had been earmarked for closure by administrators.
The company bought HMV’s Canadian outlets two years ago and turned a profit from the acquisition, and they are now looking at doing same on this side of the Atlantic.
It is also understood that the company will look to return to HMV’s core market of DVDs and music, ditching the high end technology side of the business.
It is now hoped that the Dundalk store could be one of Irish branches of the retailer to re-open for business.
It was also revealed this week that the old HMV store on Grafton Street Th 65/66 has been reduced from e1.7 million to e1 million to attract a top brand like Zara sister company Massimo Dutti, which specialises in a higher-cost offering for men and women.
Currently in Dundalk the only outlet left to sell new DVDs is Xtravision and Tesco.