itemprop=description content=It will bring to a close one of the largest high street failures in recent years, with almost all of Wilko’s 12,500 workers being made redundant.
Wilko is set to shut the doors of its last high street shops for the final time as the collapse of the 93-year-old retailer comes to a close.
PwC then held talks with interested firms but was unable to secure a rescue deal for the whole firm, with a potential takeover by HMV owner Doug Putman collapsing.Deals were agreed to sell up to 71 stores to Poundland, and to sell up to 51 shops to fellow rival discounter B&M. However, both deals did not include staff.
However, the Times has reported that some of the store takeovers could fail after the new owners were accused of delaying completion with efforts to set up new rent and lease arrangement with move favourable terms.The Wilko brand will not disappear from the high street completely despite the collapse, after The Range struck a deal to buy its brand, website and intellectual property for £5 million.
It is set to restart home deliveries through wilko.com after the closure of Wilko’s remaining stores.
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