Poundland owner Pepco snaps up 71 Wilko sites after its collapse September 12, 2023 Poundland owners, Pepco, will acquire 71 Wilko sites to be transformed into Poundland chains. Yesterday, it was confirmed that all Wilko stores would vanish after a deal with HMV owner Doug Putman fell through due to over concerns about the costs of the retailer’s infrastructure. Rival discounter store chain B&M also bought 51 Wilko stores [...]
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]
Wilko to shut all 400 stores, putting 12,500 jobs at risk September 11, 2023 All 400 Wilko stores will shut, putting 12,500 jobs at risk, according to a statement from the GMB union. Staff were informed about the development this morning and the group warned that it is now likely that all staff will be made redundant. It comes after a deal to acquire around 100 Wilko stores by [...]
Wilko: Over 200 job cuts confirmed after M2 Capital drops out of bidding race August 31, 2023 Administrators for Wilko confirmed today that over 200 jobs will be lost after M2 Capital's bid to buy the entire group timed out this morning.
Who are the frontrunners in the race to save Wilko? August 30, 2023 Why did Wilko go bust? A cocktail of dwindling demand for physical stores and competition in the discount market appeared to tip Wilko into administration. Even when a squeeze on public finances forced shoppers back to the high street in search of cheaper goods, they seemed to favour rivals B&M and Poundland when nabbing a [...]
Wilko job cuts ‘likely’ – but 11th hour talks with Poundland owner continue August 23, 2023 Administrators for Wilko today warned that job losses were “likely” as potential buyers were no longer interested in acquiring the whole group. Wilko first called in the administrators three weeks ago after several months looking for investment failed to bring forth any fruit. Sky News reported today that Poundland owner Pepco Group is in advanced [...]
Cost of living crisis: 63 per cent of Brits now shop at discount grocery stores August 22, 2023 More than half of shoppers now shop at discount grocery stores as Brits continue to seek out bargains amid the cost of living crisis. According to new data released by NIQ, in the last four weeks some 63 per cent of the public shopped at value chains such as Aldi, B&M and Poundland, with over [...]
Wilko: ‘Genuine grounds for hope’ over future of troubled retailer as possible buyers circle August 18, 2023 There are “genuine grounds for hope” over the future of stricken retailer Wilko after interest from potential suitors, the GMB union has said. The retailer tumbled into administration last week, putting the future of its 400 shops and 12,500 workers at risk. Administrators from PwC swiftly sought offers from potentially interested firms which could save [...]
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.