AID Partners makes bet on HMV
The rise of services like iTunes and Spotify are enough to make any record store business shudder. Factor in the proliferation of file-sharing services and online piracy, and it is inevitable former giants like the UK's HMV seem to be going the way of the 8-track.
Yet this hasn't put off AID Partners, a consumer and entertainment-focused GP, which acquired HMV's Hong Kong and Singapore unit last week. Kelvin Wu, principal partner at AID, says not only is the business...
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