While there will still be closures if the rumours of a Hilco buyout of HMV this afternoon take place, some of the outlets previously earmarked for closure will now be saved, with a final tally of stores kept open expected to be around 140. Update: It's now been confirmed by …

Deloitte, the administrator for beleaguered tech firm HMV, has announced the closure of another 37 outlets, meaning another 464 staff will be let go in the process. This brings the total number of shuttered stores to over 100, on top of the closure of all ROI outlets. This latest move …

Following on from the temporary closing of all HMV outlets in Ireland last month – as per Irish law – when the administration was announced, Deloitte, the administrator, has announced that all locations will be permanently shuttered since no buyer has been found for the branch of the firm. This …

Back in January 1971, Richard Branson opened his first Virgin Records store at 24 Oxford Street, the ‘cheap end' as Dickie put it. Until March 1992, when he sold out to Thorn EMI for $1 Billion, his business was a huge success. Virgin's attempts to sell phones on the high …