The firm, which has its headquarters in Worksop, is currently in administration
Today is the final day possible bidders for Wilko will be able to declare an interest in buying the crisis-stricken retailer. Administrators set a deadline of Wednesday August 16 as they look to save the high street favourite, and 12,500 jobs in the process.
A deal is not likely to be done for the 400-store retailer today. Initial bids will then be whittled down to a reduced number of more serious options, with a second round of the process due to start from Friday [August 18]. The Sun has reported that Poundland, B&M, The Range and Home Bargains are reportedly among the firms interested in snapping up the business. It is not known how long the entire administration process will take.Wilko stores have continued to trade and will remain open as the insolvency process continues.
The administration process means that bidders are not expected to take on all the company’s liabilities, such as costly debts, as part of any deal. Private equity firms including Gordon Brothers and Alteri have also previously been linked to a deal.
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