HMV is back in the black with £17 million profit on sales of £311.2 million for the 11 months from January 29th to December 28th 2013, following its acquisition by Hilco from administrators. The long established retailer fell into administration in January 2013 with £170 million owed to its creditors. It has now realigned itself with its traditional music buying audience, staging in-store events, and creating a better environment for browsing, discovering and buying recorded music across wide spectrum of genres.
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