HMV TIMELINE

The HMV collapse and rebuild timeline

Follow CMU’s coverage of the collapse and subsequent build of HMV | CLICK HERE for more timelines


HMV REVIEWED AS SIMON FOX BECOMES CEO

19.07.06 > HMV appoints new top man

12.01.07 > Changes at HMV too – and the MD is going there too

05.03.07 > Major HMV review planned

14.03.07 > HMV announces wide-ranging review

04.09.07 > HMV launches next gen store in Dudley

14.03.08 > HMV revamps and expansion

01.04.08 > HMV to open service station store

23.10.08 > HMV opens next gen store in London


HMV’s DIGITAL EXPERIMENTS

02.11.07 > HMV Digital drops subscription service

28.04.08 > HMV to go DRM free

04.06.08 > HMV launches blogging site

05.09.08 > HMV to launch MP3 store this month

07.11.08 > HMV launches MP3 store

07.09.09 > HMV to close GetCloser

26.07.10 > All new look HMV Digital launches

22.10.12 > HMV piloting third party online marketplace

24.10.12 > HMV Digital becomes part of 7Digital site


UPS AND DOWNS IN FORTUNE

21.12.06 > HMV says trading conditions remain tough

29.06.07 > HMV confirms profits halved last year

07.09.07 > Growth at HMV

13.12.07 > HMV upbeat despite losses

18.01.08 > HMV’s fortunes turn

12.05.08 > HMV financials looking good

26.11.08 > HMV to pass on VAT cut

12.12.08 > HMV posts half year loss


DEMISE OF FOPP: HMV BUYS SOME FOPP STORES

02.07.07 > Fopp goes into administration

23.07.07 > HMV may buy some Fopp stores, and maybe Fopp brand

31.07.07 > HMV buys six Fopp stores

13.08.07 > HMV to acquire original Fopp


DEMISE OF WOOLIES & ZAVVI

27.11.08 > Woolworths goes into administration

28.11.08 > More on Woolies

05.12.08 > Woolworths slashes prices

12.12.08 > Zavvi calls in consultants to deal with financial and supply problems

18.12.08 > Woolies to close in new year

05.01.09 > Retail Doom And Gloom Part One – Zavvi

05.01.09 > Retail Doom And Gloom Part Two – Woolies

05.01.09 > Retail Doom And Gloom Part Three – Any silver lining?

15.01.09 > HMV snaps up 14 Zavvi stores

29.01.09 > More Zavvi stores close

19.02.09 > Zavvi to go, HMV buys more stores, so does a thing called Head

19.10.09 > HMV considering acquiring the flagship Megastore, possibly


DEMISE OF BORDERS UK

24.11.09 > Is Borders on the brink?

27.11.09 > Borders goes into administration

01.12.09 > Borders starts closing down sales

17.12.09 > Borders could be gone by next week

23.12.09 > Borders is no more


FOX PURSUES DIVERSIFICATION STRATEGY

30.04.09 > HMV music sales up, but continue to diversify

29.03.10 > Diversification to continue at HMV > Bring on the catwalk

13.05.10 > TGE – HMV chief on diversification, iTunes and extending his brand


DIVERSIFICATION: 7DIGITAL ACQUISITION

03.09.09 > HMV buys 3.5digital


DIVERSIFICATION: MOVE INTO LIVE VIA MAMA ACQUISITION

15.01.09 > HMV moves into live music with the help of MAMA

16.06.09 > Polydor, HMV and Mean Fiddler collaborate on album launch

11.12.09 > HMV to bid for MAMA Group?

16.12.09 > MAMA Group profits up up up

23.12.09 > HMV makes bid for MAMA

05.01.10 > HMV’s rival bidder for MAMA steps down

02.02.10 > HMV’S MAMA offer now unconditional

01.03.10 > Post-takeover changes begin at MAMA, Driscoll departs

05.03.10 > More MAMA movements

19.05.10 > HMV commercial chief moved into MAMA


MORE UPS AND DOWNS IN FORTUNE

25.02.09 > Traditional music retail continues to decline

30.04.09 > HMV music sales up, but continue to diversify

11.05.09 > HMV launches loyalty card

01.07.09 > HMV reports healthy profits

22.09.09 > HMV to open temporary stores for Christmas rush

15.01.10 > HMV sales up

19.01.10 > Some HMV pop up stores to stay

03.02.10 > Report says City still cautious about HMV future

05.03.10 > Might private equity buy HMV?

30.04.10 > HMV retail sales down

21.06.10 > HMV share price up, are private equity bid rumours credible?

30.06.10 > HMV sees sales and profits rise

10.09.10 > HMV sales down – blame the football, I say

11.11.10 > Vote of confidence from Russian billionaire, new TM for fashion future

18.11.10 > HMV to shut one of its Oxford Street stores


SALE OF WATERSTONES AND HMV CANADA

06.07.10 > What will HMV do with Waterstones?

14.12.10 > Russian business man increases HMV stake

01.03.11 > HMV may be considering Mamut’s Waterstones bid

21.03.11 > HMV will propose to banks it sells Waterstones

23.03.11 > More speculation about Mamut HMV bid

28.03.11 > HMV considering sale of Waterstones and Canadian arm

17.05.11 > HMV close to deal on Waterstones sale

20.05.11 > HMV sells Waterstones to Mamut

28.06.11 > HMV sells Canadian stores

23.04.13 > HMV Canada launches download and streaming service

07.06.13 > HMV Canada still doing alright


FINANCIAL PROBLEMS BEGIN

09.12.10 > HMV losses widen

06.01.11 > HMV to close 60 stores as Christmas sales disappoint

19.01.11 > HMV suppliers denied credit insurance

20.01.11 > HMV consults KPMG over debts

01.02.11 > HMV store closures begin

04.02.11 > HMV shareholder asks bankers to review firm’s options

07.02.11 > HMV share price rises amid takeover talk

25.02.11 > HMV’s lenders appointing advisors

02.03.11 > HMV admits it is likely to breach loan covenants

17.03.11 > HMV preparing presentation for banks

18.03.11 > HMV boss insists his company has a future on the high street

05.04.11 > HMV issues new profit warning

11.04.11 > HMV looks to majors for better terms to help with cash woes

31.05.11 > Fox says HMV is back from the brink

06.06.11 > HMV close to securing new loan deal

08.06.11 > HMV secures new loan agreements, but at a cost


FINANCIAL PROBLEMS WIDEN – STORE REVAMPS & GADGETS PUSH

30.06.11 > HMV profits down 61%

09.09.11 > HMV has difficult summer, but Fox still optimistic about store revamp

17.10.11 > HMV in talks to sell 7Digital stake

21.10.11 > HMV launches consumer electronics push

15.11.11 > HMV launches stand alone gadget shop for Christmas

16.11.11 > HMV launches bus stop stores

19.12.11 > HMV publishes gloomy figures, set for first ever year end loss

09.01.12 > HMV sales down as MAMA bidder speculation widens

17.01.12 > HMV to increase music stock

23.01.12 > HMV Group announces new supplier and bank deals

03.02.12 > HMV boss confirms less shelf space for games

08.02.12 > Amazon biggest entertainment retailer in UK

09.02.12 > HMV denies Amazon is now a bigger entertainment retailer


GAME GOES INTO ADMINISTRATION

13.03.12 > Game on the brink

21.03.12 > Game suspends shares

23.03.12 > Editor’s Letter – What would Game’s demise mean for HMV?


FINANCIAL PROBLEMS CONTINUE

01.05.12 > HMV increases entertainment retail market share slightly

08.05.12 > HMV losses set to be higher than predicted

19.06.12 > Restructuring company possibly looking to acquire HMV debt

23.07.12 > Retailers criticise record industry’s release bunching

25.07.12 > Amazon accounts for fifth of UK entertainment retail sales

30.07.12 > HMV seeks to change LSE category

10.08.12 > HMV says it will return to profit after confirming losses

15.08.12 > HMV to open test social store

16.08.12 > HMV changes stock market listing

29.08.12 > HMV phases out loyalty programme in favour of My HMV platform

07.09.12 > HMV shuts one of its Birmingham stores, but no more

24.09.12 > Sales slip further at HMV

25.01.13 > Amazon increases lead in entertainment retail


SIMON FOX DEPARTS

02.08.12 > HMV boss to depart

06.08.12 > HMV finance chief to depart too

03.09.12 > Former HMV CEO to head up Trinity Mirror


SALE OF MAMA

06.01.12 > MAMA bidders in talks with HMV

09.01.12 > HMV sales down as MAMA bidder speculation widens

14.03.12 > MAMA Group sale enters second stage

16.03.12 > HMV responds to MAMA sale speculation, sort of

02.04.12 > Sony reportedly bidding for HMV’s MAMA, as OpCapita buys Game UK

05.04.12 > Key MAMA directors to depart as HMV sale goes through the motions

11.04.12 > SuperVision managers launch new agency

12.04.12 > MAMA managers to join Red Light Management, reports say

03.05.12 > Former SuperVision managers to launch Red Light London

21.05.12 > AEG favourite to get the MAMA Group

23.05.12 > HMV may keep hold of its festivals business for the time being

01.06.12 > AEG buys Hammersmith Apollo from HMV

12.07.12 > HMV shareholders back Apollo sale

03.12.12 > HMV sells MAMA Group


FINAL BATTLE FOR SURVIVAL

12.12.12 > Record companies and DVD firms backing HMV to tune of £40 million

13.12.12 > HMV set to break loan covenants in January

17.12.12 > Wall Street fund looking to force control over HMV

27.12.12 > Universal faces £150 million liability if HMV goes under, says Telegraph

31.12.12 > HMV lenders resisting Apollo approach


VIRGIN FRANCE DECLARES INSOLVENCY

07.01.13 > Virgin France to declare insolvency

09.01.13 > Virgin France to declare itself insolvent today


HMV GOES INTO ADMINISTRATION

14.01.13 > HMV confirms company heading into administration

15.01.13 > ERA and BPI issue statements on HMV administration

16.01.13 > LVCR campaigners say VAT-dodging etailers killed HMV

04.03.13 > HMV debts revealed in Statement Of Affairs

07.03.13 > HMV’s Guernsey company goes into administration

18.03.13 > HMV debts topped £347 million at collapse

05.04.13 > Hilco’s HMV deal announced, some closed stores to reopen

19.04.13 > HMV market share slips 1.5% in administration quarter


FALLOUT AND NEGOTIATIONS

15.01.13 > 7digital boss says HMV administration will not affect business

16.01.13 > Editor’s Letter – Can high street music escape His Master’s Void?

18.01.13 > Indie distributors hopeful that impact of HMV collapse can will be reduced

22.01.13 > HMV accepting gift vouchers again

25.01.13 > WH Smith not interested in capitalising on HMV’s demise

25.01.13 > Joseph buys HMV out of G-A-Y

31.01.13 > Record sales up in January as HMV collapse rallies sales

01.02.13 > HMV administrators negotiate with labels over stock, 190 staff axed at HQ

18.02.13 > ERA boss reckons more HMVs could close

11.03.13 > WH Smith brings back some CDs, but on a nominal tactical basis

21.08.13 > Unsecured creditors will see nothing from HMV administration


STORE CLOSURES AND JOB CUTS

17.01.13 > HMV shuts Irish stores as Blockbuster UK goes into administration

18.01.13 > HMV staff in Limerick continue sit-in over wages

01.02.13 > HMV administrators negotiate with labels over stock, 190 staff axed at HQ

01.02.13 > CMU Beef Of The Week #143 > Ex HMV staff v HMV management

04.02.13 > HMV store closures expected this week

07.02.13 > HMV announces 66 store closures

08.02.13 > 60 more execs go at HMV HQ

13.02.13 > HMV confirms Irish stores to stay closed

20.02.13 > HMV announces 37 more store closures

17.07.13 > HMV replacement flips its sign to avoid trademark dispute


BIDDERS COME FORWARD

16.01.13 > Potential bidders come forward for HMV

18.01.13 > Game interested in acquiring some HMV stores

21.01.13 > HMV suppliers back Hilco rescue plan

22.01.13 > Hilco acquires HMV debts

23.01.13 > Hilco hopes to save HMV following debt purchase

24.01.13 > Supermarkets interested in HMV stores not included in Hilco’s rescue plan

06.02.13 > Four supermarkets and pound shops amongst those bidding for HMV stores

27.02.13 > Morrisons buys six HMV shops

28.02.13 > HMV sells Asian shops

12.03.13 > Is ASDA a late bidder for HMV?

21.03.13 > Hilco now the only HMV bidder


HMV SOLD TO HILCO

05.04.13 > Hilco’s HMV deal announced, some closed stores to reopen

05.04.13 > Deloitte and Hilco comment on HMV sale, new CEO announced


THE NEW HMV

10.04.13 > Hidden Nipper in new HMV site

16.04.13 > HMV to shed 400 jobs, reports The Times

08.05.13 > Hilco in talks with former HMV landlords in Ireland

29.05.13 > HMV PR chief moves to BPI

29.05.13 > Hilco to appoint new HMV marketing chief this week

11.06.13 > HMV to return to Irish high street

17.06.13 > HMV could return to its original Oxford Street site

28.06.13 > HMV’s flagship store to become a Sports Direct

04.07.13 > HMV HQ moves

10.07.13 > Tesco now second biggest entertainment retailer as HMV slips

17.06.13 > HMV replacement flips its sign to avoid trademark dispute

07.08.13 > Hilco confirms HMV’s return to original Oxford Street store

13.08.13 > HMV appoints new customer loyalty chief

30.08.13 > HMV brand to expand in Ireland thanks to Xtra-vision alliance

02.09.13 > HMV appoints new marketing boss

27.09.13 > HMV returns to original London store tomorrow

07.10.13 > HMV Chairman shares plans via NME blog post

14.10.13 > Limited edition vinyl giveaways at HMV Oxford Street this week

05.11.13 > HMV relaunches loyalty scheme

02.12.13 > HMV confirms move away from gadgets

07.01.14 > HMV closes stores where more favourable rents not available

13.01.14 > One less store closure for HMV, as last minute deal done

08.05.14 > HMV to downsize flagship Glasgow store

22.05.14 > HMV and WH Smith come bottom in high street retailer survey

07.07.14 > HMV doing just fine, says Hilco boss

05.08.14 > HMV increases its market share

01.09.14 > HMV boss remains bullish

30.09.14 > HMV scored profits of £16.7 million in year after administration


NEW HMV HAS ANOTHER GO AT DIGITAL

08.08.13 > HMV appoints new digital man

17.10.13 > HMV launches new download service

22.10.13 > HMV’s new download app removed from Apple store

23.10.13 > ERA supports HMV in Apple squabble

25.10.13 > CMU Beef Of The Week #179: HMV v Apple

01.11.13 > Cut back HMV app available in Apple store

13.12.13 > HMV Digital app rolls out in Canada

17.02.14 > HMV download app coming to BlackBerrys


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