HMV owner Doug Putman has made a last-minute attempt to rescue parts of fallen retailer Wilko.
The retail boss is understood to have been engaged in talks with the discount retailer’s administrators from PwC, according to The Times.
The offer could rescue 3,000 to 4,000 jobs, as well as roughly half of its 400 stores.
However, the BBC has reported that Putman’s offer is unlikely to meet legal requirements.
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Earlier this month, the company’s board appointed PwC as its administrator.
Although other potential bidders have expressed interest in saving some of the retailer’s stores, the companies were predicted to stop trading under the Wilko brand.
It was reported on Wednesday that the majority of Wilko stores were set to close within weeks as no buyer had emerged.
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7 Comments. Leave new
I worked for wilko for 12 years Lisa Wilkinson down full was thinking it was going to be like John Lewis and getting rid of her total security team which then made wilko a shop lifters paradise tony Wilkinson should have never handed her the reins as she throught she could do what she liked which she did and ended in the full of wilko
Total agree. I worked there for 26 years and she was the turning point. She played shop with that business and was never a retailer. My heart goes out to everyone who works there…Tony will be spinning I his grave to see what she has done !
Slow & Steady…. High Streets and British Heritage… goes into sand dunes?! They could’ve been really profitable, obviously someone doesn’t want it to happen.
Quality of life? Goes prrrrrrrrr
No Wilko, no M&S, no Tesco (post brexit quality), no John Bull and MANY MANY OTHERS… Debenhams is… well. With clients like “ski mask e-scooter phone watching Jamal” who can sustain a shop?! Tough.
I have many times ordered on line which they have not had in my local store.
My question is if they have on line then these items should have been on the shelf for people to buy not in warehouses .
I worked for Wilkinsons in Leicester in the 1970s for over 4 years .
My first retailing experience and they were a great company.
So dad to see how things have turned out.
Thought they’d go on for ever.
Should read sad
Well said Rachel Newman it a same as it always the workers how lose out