Wilko could disappear from the High Street as would-be bidders look to vacuum its shops
Wilko ran afoul of administration last week, putting 400 stores and 12,000 jobs at risk
Wilko could disappear from the High Street as would-be bidders look to vacuum its stores for their own brands in the wake of its collapse.
The discount housewares chain ran into management last week, putting 400 stores and 12,000 jobs at risk.
PwC administrators have set today as the deadline for interested parties to submit their offers to rescue the affected company.
But it is not clear if the Wilko brand will survive. Potential buyers are believed to include rivals B&M European Value Retail, Poundland, The Range and Home Bargains.
These brands are believed to be in talks to acquire all or some of the stores to add to their own assets.
Susannah Streeter of Hargreaves Lansdown said the likelihood of a full takeover was “considered slim” due to Wilko’s dangerous position on the beleaguered High Street.