PricewaterhouseCoopers has asked interested parties to submit initial offers for the discount retailer by Wednesday after its collapse into administration last week, Sky News learns.
A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby MelvilleBidders for the ailing retailer Wilko have been given until Wednesday to table offers for the company after its collapse into insolvency last week.
A range of discount retailers and financial investors are considering offers, although industry executives believe a takeover of the whole business is a remote prospect. The family-owned chain, which was established by the Wilkinson family in 1930, had been working with PwC on a search for new investment for several months.
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