restructuring

Restructuring specialist Hilco UK has bought HMV's debt, raising hopes for the salvation of the high street music retailer.

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KPMG has slashed 275 staff as part of its latest restructuring exercise in an attempt to streamline the business.

KPMG has told its UK staff that up to 3% of roles, equating to more than 300 positions, will be “at risk” as part of a review across the entire business.

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