KPMG, which oversaw the process, will retain a further 122 employees at warehouse functions to assist in winding down operations.
However, 27 stores are expected to close with immediate effect, and will result in 455 redundancies across the country.
"We are delighted to acquire the most iconic music and entertainment business in the United Kingdom".
HMV's flagship Oxford Street store is set to close despite the rescue of the chain.
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The Shepherds Bush outlet is one of 27 stores in line for closure after Canadian music entrepreneur Doug Putman confirmed he had bought the retailer this morning.
The 100 existing stores could be rebranded as Sunrise Records. The stores will continue to trade as HMV, with four stores continuing to trade as Fopp. Administrators KPMG managed the stores in the interim and the final sale to Sunrise.
Christian Stadler, a management professor at Warwick Business School in Coventry, England, said while Sunrise's purchase of HMV is "excellent" news for anyone preferring to buy music from a shop, rather than streaming or online, it would be foolish to think there is "scope for considerable growth".
KPMG, the administrators of music shop HMV, on Tuesday revealed the names of the 27 stores that will be closing under a proposed rescue deal for the chain, which went bust at the end of a year ago.
"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".