• Bloomberg

  • SHARE

HMV Group PLC, Britain’s largest music retailer, said Tuesday it agreed to sell its Japanese store chain to Daiwa Securities Group Inc. and Sumitomo Mitsui Financial Group Inc. for ¥17 billion in cash.

The sale of Japan’s third-largest music retailer is expected to close by the end of next month, the Maidenhead, England-based company said Tuesday. Proceeds will be used to pay down debt, it added.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW