HMV has bought the Fopp brand and up to six of its stores from administrator Ernst & Young, according to Music Week.
The retail giant needs consent from the landlords to re-open branches in Cambridge, Edinburgh Rose Street, Glasgow, London Covent Garden, Manchester and Nottingham.
The stores will continue to trade under the Fopp name, saving up to 70 of the 700 jobs which were lost when the company went into administration earlier this month.
"The Fopp stores we are purchasing have all traded profitably, whilst ownership of the brand will enable us preserve Fopp's unique identity and trading culture," says an HMV spokesman. "These stores will operate independently of the main HMV chain in order to preserve their distinct customer offer.
"Fopp is well regarded by many music and entertainment consumers, enjoying strong local awareness and appeal, and we're pleased that we will be able to preserve the brand and product offer through the stores and online."