Second last-minute bid launched to save Wilko, reports say
manchestereveningnews.co.ukA second last-minute bid has been launched to save stricken retailer Wilko, according to reports. Wilko tumbled into administration two weeks ago, putting the future of its 400 shops in doubt.
Administrators from PricewaterhouseCoopers (PwC) have sought offers from interested firms in an effort to save jobs and stores.
A second last-minute bid worth £90 million has been made by restructuring specialist M2 Capita, the Guardian reported, which could keep the entire Wilko chain trading. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features It comes after Canadian businessman Doug Putman, who bought music retailer HMV in 2019, was believed to be making an offer – which the BBC reported is unlikely to meet legal requirements.
The GMB union, which represents more than 3,000 of Wilko’s 12,500 staff, said it had been told the high street chain plans to close stores next week and will announce a raft of redundancies.
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