ABF: Primark owner raises profit outlook as womenswear added to click and collect trial September 12, 2023 Primark's owners ABF have bumped up profit guidance again after the value retailer's online shopping trials proved successful
Wilko shuts first stores today as administration unfolds September 12, 2023 Wilko will shut its first group of shops on Tuesday as the dramatic collapse of the high street chain takes shape. The historic retailer will shut 24 stores across the UK in the first phase of closures, with hundreds of workers at the shops set for redundancy. It comes a day after administrators confirmed all [...]
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: Store confirms over 1,000 job cuts – but talks with HMV owner continue September 5, 2023 Wilko’s administrators confirmed today that it will cut 1,300 jobs and close 52 stores.
Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
HMV owner finalising deal to save majority of Wilko stores, reports say September 1, 2023 Thousands of jobs could be saved at collapsed retailer Wilko as the owner of HMV finalises a deal to buy hundreds of stores. A bid to buy the entirety of the business fell through on Thursday, leading to the first wave of redundancies affecting support centre and warehouse staff. But administrator PwC said that discussions [...]
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.
Wilko: M2 Capital set to bow out of takeover race after missing bid deadline August 31, 2023 M2 capital has missed a deadline to show it has sufficient funds to snap up Wilko, City A.M. has learned, in a sign that the frontrunner in the race to save the high street chain could be about to bow out. Administrators for Wilko, PwC, had until 09:00 today to submit documentation to prove it [...]
Wilko: Union warns that job losses could be announced on Thursday August 30, 2023 Job losses at Wilko could reportedly be announced as soon as Thursday, after an offer to buy the entire 400-strong estate failed to pass “basic checks”, members from the GMB Union have warned. The union representing thousands of Wilko staff has now said that redundancy talks, which were suspended earlier this week, could be restarted. [...]