Canadian owners will open ‘pop culture destination’ for music, merchandise and live performances on Henry Street in mid-July via IrishTimesBiz
The announcement of a return to the Irish capital represents the latest sign of a dramatic turnaround of the HMV business – including a return to profit in 2022 – under Sunrise Records and its owner, Canadian retail mogul Doug Putman, who has reformatted the stores for the age of streaming by introducing a greater emphasis on merchandise, music technology and live music.
Fans will be able to get their hands on the latest and limited release vinyl, the newest audio technology and “express their passion for pop culture” under one roof, he added. HMV has let the building, most recently occupied by Intersport Elverys, from Irish Life Investment Managers. Private equity firm Hilco, which acquired HMV out of administration in the UK, subsequently reopened four of these HMV stores after its Irish subsidiary bought them out of receivership. It also added HMV concessions to its network of Xtra-vision outlets following its acquisition of the entertainment rentals chain the same year.
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