Wilko rescue deal fails sparking huge job loss fears
Business / Mon 11th Sep 2023 at 08:18am
A RESCUE deal for High Street chain Wilko has collapsed, leaving the future of thousands of jobs uncertain reports the BBC.
The billionaire owner of HMV, Doug Putman, planned to keep up to 300 Wilko shops open, but his bid failed as rising costs complicated the deal.
It leaves the future of more than 10,000 workers and hundreds of stores uncertain.
Some of Wilko’s remaining stores could be sold to rival retailers, such as Poundland or The Range.
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