Hilco Capital is a British international company that specialises in

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

and

refinancing Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic ...

other companies.

Notable projects

Hilco has been involved with these companies, and in some cases owning and operating them for a period of time:

United Kingdom

Adams Childrenswear Adams Kids was a children's clothing retailer, based in Paddington, London in the United Kingdom. History Early history Amy Adams started a children's clothing business from her own home in Birmingham in 1933. She then opened another three store ...

Allders Allders was an independent department store operating in the United Kingdom. The original store was established in 1862 in Croydon by Joshua Allder. In the second half of the 20th century, this parent store was developed into a chain of depart ...

(original store closures) *

Allied Carpets Allied Carpets was a small retail chain specialising in floor coverings, mainly carpets (80%) and then also laminate and wood flooring and curtains, in the United Kingdom. Following financial difficulties and several changes of ownership, the co ...

Andys Records Andy's Records was a UK music retailer that traded from 1969 to 2003. Based in Bury St Edmunds, its roots were in nearby Felixstowe and Cambridge. Early days and expansion Andy Gray started selling second-hand jukebox 45s and old 78 rpm re ...

Bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

Beatties of London Beatties of London (commonly known as Beatties) was a model retail company of the United Kingdom, not to be confused with the Beatties department store group. History Beatties was founded by Colonel S N Beattie and Charles Whale as the South ...

Borders (UK) Borders (UK) Ltd., also known as Borders & Books etc., was established as a Borders Group subsidiary in 1998, and in 2007 became independent of the US parent company. At its peak after separation from the US parent, it traded from its 41 Borders ...

British Home Stores British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electron ...

(cleared stores) * Chapelle Jewellery & Watches *

Clintons Clintons, previously branded as Clinton Cards, is a chain of stores in the UK founded in 1968 by Don Lewin and known for selling greeting cards, together with soft toys and related gift products. It was listed on the London Stock Exchange an ...

(294 store closures) *

Courts plc Courts is a furniture and electronics retailing brand used by stores in the Caribbean, the United States and Asia. Courts was founded in 1850 in the United Kingdom, and at its peak, Courts had 350 stores worldwide, of which one hundred were in the ...

Denby Pottery Company Denby Pottery Company Ltd is a British manufacturer of pottery, named after the village of Denby in Derbyshire where it is based. It primarily sells hand-crafted stoneware tableware, kitchenware and serveware products including dinner sets, mugs ...

(debt, restructuring and management buyout) * Elvi *

Ethel Austin Ethel Austin was an English clothing retailer. At its commercial peak it operated around three hundred stores. The company was purchased from the founding family in June 2002, the company ceased operation in January 2013, after numerous times en ...

* Extreme Stores *

Faith Faith, derived from Latin ''fides'' and Old French ''feid'', is confidence or trust in a person, thing, or In the context of religion, one can define faith as "belief in God or in the doctrines or teachings of religion". Religious people often ...

Fashion Rocks Fashion Rocks is an annual international charity fundraiser event, which features fashions by the world's top designers presented as live performances by popular music acts. Fashion Rocks Worldwide is the owner of the intellectual property rights ...

Focus DIY Focus DIY was a privately owned chain of DIY stores in the United Kingdom. It served the consumer DIY market sector, and most stores had some form of garden centre. At its peak in 2002, it was the second-largest DIY retailer in the United K ...

Habitat In ecology, the term habitat summarises the array of resources, physical and biotic factors that are present in an area, such as to support the survival and reproduction of a particular species. A species habitat can be seen as the physical ...

(debt and restructuring) *

HMV Sunrise Records and Entertainment, trading as HMV (for His Master's Voice), is a British music and entertainment retailer, currently operating exclusively in the United Kingdom. The first HMV-branded store was opened by the Gramophone Company ...

(purchased in 2013) *

Homebase Homebase is a British home improvement retailer and garden centre with stores across the United Kingdom and Republic of Ireland. Founded by Sainsbury's and GB-Inno-BM in 1979, the company was owned by Home Retail Group from October 2006, unti ...

(purchased in June 2018) *

Hypervalue Hyper Value (Holdings) Limited was incorporated in 1980 by Ken Rogers, the founder and then Chairman of the Hypervalue Group. It was best known for the discount retail stores that encompassed the whole of South Wales, extending into the South Wes ...

ILVA ILVA is a Denmark, Danish chain of furniture stores, offering mostly Scandinavian-style bedroom, bed-, dining room, dining- and living room products. The company was founded in 1974, and currently runs eight stores in the Nordic countries. It als ...

(UK) *

JJB Sports JJB Sports plc was a British sports retailer. On 24 September 2012, shares in JJB Sports were suspended, and the firm called in administrators. On 1 October 2012, it was announced that Sports Direct had purchased part of the business, includ ...

(cleared stores) *

Kwik Save Kwik Save is a British convenience store chain. Prior to 2007, it was also a discount supermarket chain that had shops across the United Kingdom. It went into administration in July 2007, but was brought back in April 2012. Its shops were sma ...

* Litho Supplies *

Littlewoods Littlewoods was a retail and football betting company founded in Liverpool, England, by John Moores in 1923. By the 1980s, it had grown to become the largest private company in Europe, but subsequently declined in the face of increased com ...

Maplin (retailer) Maplin Electronics is the trading name of an online retailer of electronic goods in the United Kingdom and Ireland launched in 2019, using the brand of the former company Maplin Electronics Ltd., which operated from 1972 to 2018. The original ...

(Cleared stores) *

MFI Group MFI Group Limited was a British furniture retailer, operating under the MFI brand. The company was one of the largest suppliers of kitchens and bedroom furniture in the United Kingdom, and operated mainly in retail parks in out of town locations ...

MK One MK One was a British fashion retailer. History Beginnings as Mark One The company was founded in the 1980s by Mark Brafman, Les Lucy and Alan Simons as Mark One, and became a discount womenswear retailer. In February 1996, Mark One was bou ...

Music and Video Club Music and Video Club or MVC was a British entertainment retailer which sold DVDs, VHS, audio cassettes, video games, and CDs of popular and specialist titles. At its peak, the company operated 82 stores in the United Kingdom, and also sold produ ...

Nicole Farhi Nicole Farhi, Lady Hare, CBE (born 25 July 1946) is a former French fashion designer, now sculptor born in Nice, France. Life Born in France Farhi is the daughter of Sephardic Jews from Turkey Her father sold rugs and lighting. She attended sy ...

(fashion label, sold in 2012) *

Owen Owen Owen Owen was a Liverpool-based operator of department stores in the United Kingdom and Canada. Beginning with a drapery shop in Liverpool, a chain of department stores was built up, often by taking over rival retailers. The company remained u ...

Peacocks Peafowl is a common name for three bird species in the genera '' Pavo'' and ''Afropavo'' within the tribe Pavonini of the family Phasianidae, the pheasants and their allies. Male peafowl are referred to as peacocks, and female peafowl are refe ...

(retail advisor during administration) * Silverscreen * Staples UK (Company name changed to SUK Retail Limited. Rebranded/trading as Office Outlet) * Stationery Box *

Woolworths Group Woolworth, Woolworth's, or Woolworths may refer to: Businesses * F. W. Woolworth Company, the original US-based chain of "five and dime" (5¢ and 10¢) stores * Woolworths Group (United Kingdom), former operator of the Woolworths chain of shops ...

(store closures)

International

* Fletcher Jones (stores) *

(Iberia, France, Germany, Benelux) * Kraus Flooring (purchased in 2012) *

WOW Sight & Sound WOW Sight and Sound was an Australian audio visual retailer. Founded in 2003 with a single store in Townsville, it grew to 15 stores in Queensland, New South Wales, Victoria, Australia, Victoria, the Northern Territory, and the Australian Capi ...

* Misco (purchased in 2017)

Canada

HMV Canada HMV Canada Ltd. was a Canadian entertainment retailer, owned by Hilco. The company was originally a subsidiary of HMV in the United Kingdom until it was sold to Hilco Capital in 2011. HMV itself would later be bought by Hilco in 2013. HMV Canada ...

(purchased in 2011 and in receivership 2017) * Tilley Endurables (acquired 2015) * Music World

Ireland

HMV Ireland HMV Ireland was an entertainment retailing company operated in Ireland by Hilco Capital Ireland. The company was first established by HMV Group Plc as part of their international expansion into Ireland and Canada in 1986. The first store in Irel ...

Xtra-Vision Xtra-vision was an online video, film and music store in the Republic of Ireland and Northern Ireland operated by Hilco Ireland. The company original was Ireland's largest chain of DVR/DVD/Blu-ray rental stores and entertainment retailing com ...

Ireland (purchased in 2013, defunct January 2016) * A-wear previously operated Ireland's leading female clothing retailer

Criticism

In December 2018, ''

The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...

'' described the company as a

vulture fund A vulture fund is a hedge fund, private-equity fund or distressed debt fund, that invests in debt considered to be very weak or in default, known as distressed securities. Investors in the fund profit by buying debt at a discounted price on a ...

in an article about HMV going into

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative assistant, Administrative Assistant, traditionally known as a Secretary, or also known as an admini ...

References

{{reflist, 30em Financial services companies established in 2000 Restructuring Financial services companies based in London