A deal to secure the future of HMV could be struck in the coming 10 days, it has been revealed, as Hilco have stepped-up the pace in terms of negotiations.

The entertainment industry is hoping that the company’s proposition to buy around 120 HMV shops goes through, with over 9% of the total market lost if the entertainment retailer folds.

All other stakeholders in HMV would have to approve the purchase. This long list includes suppliers, landlords, record labels and film studios. You can't put this old dog down.