“It takes the panic out of the situation”
Hilco buys HMV debt: business quote of the day.
Retail restructuring group Hilco has bought HMV's debt - which had reached £176m at the end of October - and now effectively has control of the company. (Hilco already owns HMV Canada). As a result, HMV's position has become more stable.
“It takes the panic out of the situation", one person told the FT.