HMV eyes recovery under Putman’s ownership

Doug Putman

HMV has announced marginal losses amid the coronaviurs pandemic and owner Doug Putman says he is “positive about the months and years to come”.

The entertainment retailer, which was rescued by Putman in 2019 after falling into administration, recorded a loss before tax of £198,000 in the 16 months to May 30.

Despite all 108 of its UK stores being forced to close during the three-month lockdown period earlier this year, HMV made sales of £187m giving the retailer confidence for the future.

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