Canadian music retail chain maverick Doug Putman has purchased the assets and name of HMV UK in a deal worth more than $10-million that also saves as many as 1,500 company jobs there.
Canada’s Sunrise Records chain store owner Doug Putman has made a bid to seize control of troubled retailer HMV from under the nose of Newcastle Un
Sunrise Records’ president Doug Putman doesn’t buy the popular mantra that music sales are cooked. Proof of this is the fact that his chain of nationwide stores sold close to a half-million vinyl albums last year.
Business is booming out of the gate for the Sunrise Records chain and one of the big surprises is that millennials are packing the store to pick up vinyl and compact discs.