HMV at Bluewater Shopping Centre has been named as one of the 27 stores now closed for being "unprofitable", resulting in 455 workers losing their jobs around the country.

The entertainment company was acquired out of administration by Canadian retailer Sunrise Records this morning, safeguarding another 1,500 jobs in the process.

Sunrise, which is owned by Doug Putman, beat off competition from the likes of Mike Ashley for the stricken retailer and will acquire 100 stores across the UK.

The now-shuttered branches include the chain's flagship Oxford Street store in London, which was the original site of its first ever shop in 1921.

Other affected towns and cities include Bath, Glasgow, Manchester and Bristol.

MORE: More than 800 packs of fake cigs seized in East Hill shop

Administrator KPMG will retain a further 122 employees at warehouse functions to assist in winding down operations.

Mr Putman, 34, bought Sunrise Records in 2014 when it had just five stores.

He has since overseen its expansion to 84 sites following the purchase of 70 HMV stores after the Canadian arm went bust in 2017.

He said: "We are delighted to acquire the most iconic music and entertainment business in the UK and add nearly 1,500 employees to our growing team.

"By catering to music and entertainment lovers, we are incredibly excited about the opportunity to engage customers with a diverse range of physical format content and replicate our success in Canada.

"We know the physical media business is here to stay and we greatly appreciate all the support from the suppliers, landlords, employees and, most importantly, our customers."

MORE: New Woolwich ferry service suspended again due to more testing needed

HMV became the first high street casualty after Christmas when its then owner Hilco called in corporate undertakers in December.

It was the second time HMV has collapsed in recent years, having filed for administration in 2013.

The likes of Poundworld, Toys 'R' Us and Maplin all went bust last year amid brutal trading, while heavyweights Marks & Spencer and Debenhams announced plans to shutter hundreds of stores.

Several others - including Superdry, Carpetright and Card Factory - have all issued profit warnings.

Will Wright, partner at KPMG and joint administrator, said: "We are pleased to confirm this sale which, after a complex process, secures the continued trading of the majority of the business.

"Our immediate concern is now to support those employees that have unfortunately been made redundant."

Neil Gostelow, partner at KPMG and joint administrator, added: "We are grateful for the support of all key stakeholders including the suppliers whose support throughout this process has been key in securing this sale."