Sports Direct boss could link film and music retailer to other parts of his high street empireMike Ashley is considering a rescue bid for HMV, the music and film retailer that collapsed into administration last month. Facebook Twitter Pinterest Mike Ashley has recently bought a number of high-profile British high street retailers at knock-down prices. A North American music retailer is also said to have expressed an interest in some HMV sites. One source said this could be Sunrise Records, which took over about 70 HMV stores in Canada after the chain went bust there in 2017. Ashley’s investment in high street retailers comes despite a tough time for traditional store-based chains amid a switch to online shopping and rises in costs including business rates and the legal minimum wage.

Source: The Guardian January 20, 2019 19:15 UTC