Edinburgh's Ocean Terminal HMV will remain open after last-ditch deal

The entertainment shop at the waterfront had been due to close down this month.

Monday, 13th January 2020, 8:12 pm
The HMV store in Ocean Terminal is set to close. Pic: Scott Louden/JPI

Five HMV stores - including one in the capital - at risk of closing will now remain open after the company secured new agreements with its landlords.

However, the music retailer warned a further three stores could still shut at the end of January unless new deals can be reached.

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The three stores still under threat of closure are Bristol Cribbs, Worcester and Merryhill.

HMV said that some stores were no longer viable due to "extortionate" business rates in certain locations.

When the news was announced earlier this month, many reacting with sadness to the news, with some saying the HMV shop was the only reason they go to Ocean Terminal.

One, David Sodergren, said: "Gutted. The only reason I ever visit the Ocean Terminal."

In a previous statement, the company said: "The closures are no reflection on our superb staff and where we are not able to come to a new agreement or relocate staff within the business elsewhere, unfortunately this does mean some of our staff will lose their jobs."

HMV was purchased in a rescue deal by music mogul Doug Putman in February 2019 after it crashed into administration for the second time in five years in December 2018.

Mr Putman, who runs the Canadian retailer Sunrise Records, closed 15 stores after taking control of the business.