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EMI, the record company, has been acquired by Universal Music Group of France for £1.2bn.
EMI has acquired Loudclothing, the Leicester-based music merchandising company with 18 staff, for undisclosed terms.
EMI is to vacate its 86,000 sq ft office in Hammersmith and relocate the staff to its smaller office in Kensington.
EMI, the music publishing group, is to be acquired by private equity firm Terra Firma for £3.2bn.
EMI has acquired Mute, the independent record label, for an initial £23m.
EMI is to conduct merger talks with Bertelsmann of Germany, which could lead to the creation of the world's largest music group.
EMI and Warner Music are looking to dispose of a series of assets in order to gain approval to merge, after the European Commission indicated that their proposed £13bn merger would be blocked.
EMI is planning a £12bn merger with Time Warner, in order to create the largest music group in the world.