Xtra-vision sold to HMV owner Hilco Capital

FILM rental chain Xtra-vision has been sold to Hilco Capital for an undisclosed sum.

Hilco, which recently acquired HMV in Ireland and the UK, will now take control of the chain’s business, its stock and headquarters in Dublin’s Tallaght.

The company’s chief executive Paul McGowan said the business would be a “good fit” alongside HMV and a transfer of the stores will take place gradually alongside discussions with landlords over the terms and conditions of leases.

Xtra-vision entered receivership in late April – it blamed its woes on online streaming and piracy.

When it entered receivership there were over 1,000 employees at the group but last month plans to close nine outlets with the loss of over 50 jobs were announced.

20130611-220811.jpg

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: