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Sweet music as HMV is finally back at spiritual Grafton Street home

HMV is returning to its Grafton Street "spiritual home", but in a new unit in the former AWear store.

The opening will see 35 jobs created at the music and entertainment retailer, which is owned by the restructuring company Hilco Capital.

HMV's former flagship store on the street is now occupied by fashion outlet Massimo Dutti. But its new project will bring to seven the number of HMV shops across the country.

Some 300 staff were made redundant in February last year when 16 HMV stores closed after receiver Deloitte said they were no longer viable. Hilco subsequently acquired the business.

PRIORITY

Hilco Capital Ireland chief executive Larry Howard said returning the brand to Grafton Street had been "a priority", adding that he could not wait for the big launch.

He added: "We're delighted to have secured (the former AWear) premises. We're looking forward to bringing this iconic brand back to its spiritual home."

It emerged yesterday that Hilco, which was also behind the rescue of Xtra-vision, had launched a bid to buy the sporting goods chain Elverys.

It is one of six parties in the frame to take over the Mayo business, which employs 650 people in 56 stores here.

Simon Coyle, of Mazars, was appointed as examiner of Elverys in February.

Hilco announced last April it had agreed to acquire 141 HMV stores in the UK, saving 2,500 jobs in the process.

The company, which was reported to have paid £50m (€59m) for the chain, had already turned around the HMV Canada business bought in 2011. The firm has also been involved in many high-profile UK restructurings.

The 35 new jobs bring the total number of people employed by HMV and Xtra-vision in Ireland to over 1000.

Other recently opened HMV shops include one at Henry Street, Dundrum town centre and Liffey Valley. There are also 37 dual Xtra-vision and HMV stores across the country.

COMURPHY@HERALD.IE


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