Music and books retailer, HMV Group, is planning to sell its Canadian retail music chain, Reuters reports. Potential bidders for HMV Canada may include retail restructuring specialist, Hilco. HMV, which has more than $200 million in debt, may use the proceeds from the sale to repay debt, adds CBC. The U.K. company is not looking to sell the whole group.
Click here for the story from Reuters.
Click here for the additional coverage from CBC.