Former Zavvi boss Simon Douglas is to buy eight Zavvi shops out of administration leaving the rest of Zavvi to close and cease trading.
Music store chain Zavvi fell into administration before Christmas leaving more than 100 shops up for grabs.
Administrators at Ernst & Young were appointed to handle the sale of the business and stores.
Head, the new company led by Les Whitfield and former Zavvi chief executive Simon Douglas, has bought five stores and is in talks to buy a further three stores to complete by the end of the week.
The deal with Head includes the transfer of 249 jobs and the sale of all remaining Zavvi Limited stock. Head will run stores in Bluewater, Dundee, Leeds, Liverpool One , Manchester Arndale and Bristol Cribbs Causeway.
The remaining Zavvi stores not rescued by HMV or Head will close and be surrendered to the landlord.
Tom Jack, the administrator from Ernst & Young, said: ‘I would like to thank all of Zavvi’s staff and customers for their commitment and continued support for the business throughout the administration,
'Whilst it has not been possible to secure a sale of the business as a going concern, we are delighted to have been able to secure continued employment for 629 Zavvi employees.’