January 27, 2017 Richard Lautens/Toronto Star Richard Lautens/Toronto Star Richard Lautens / Toronto Star ) Order this photoFriday marked the beginning of the end for heavily-indebted music retailer HMV. An Ontario Superior Court of Justice approved an application filed by HUK 10 Ltd., a subsidiary of the British restructuring firm Hilco UK that bought HMV in 2011, to place HMV Canada Inc. into receivership. HMV stores are to cease operations by Apr. HMV currently operates 102 stores in Canada and employs about 1,340 people, most of them at its retail locations. HMV Canada did not return requests for comment Friday, and staff at its flagship store at 333 Yonge St., which opened in 1991, declined to speak to the Star.

Source: thestar January 28, 2017 00:36 UTC