HMV’s store portfolio has received “substantial” interest from a range of retailers as the deadline for first round bids next week nears.

It is thought both overseas and UK based retailers have eyed the estate, from the fashion, food and value sectors.

CBRE senior director Tony Devlin, who is advising HMV administrator Deloitte on the store portfolio, said: “The HMV estate is a good estate of shops in very good markets.”

It is understood that first round bids will be expected by the end of next week.

The news comes after Hilco acquired HMV’s debt from its lenders on Tuesday, putting the restructuring firm in the driving seat. Hilco has not acquired HMV outright, and the retailer still remains in administration.

Savills is advising Deloitte on HMV’s flagship Oxford Street store.

Topics

HMV receives 'substantial' interest from retailers for store estate