Four buyers are reportedly looking to buy music retail chain Fopp from HMV administrators Hilco.

The companies that have offered to acquire Fopp are believed to include trade buyers and private equity firms according to The Guardian.

Despite the offers, Hilco is believed to be close to announcing a deal that will see it take the best of Fopp’s nine stores and some of HMV's 222 sites, releasing them from the insolvency process.

Some HMV stores have already been ...