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.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Sinkhole in Worksop road prompts investigationA resident said she estimated the hole in Worksop was about 6ft (1.8m) deep.
Læs mere »
Wilko puts up administration sale signs on Lancs retail parkThe huge signs in the window read Wilko administration sale, 1000s of reductions throughout the store.
Læs mere »
I went to Wilko's 'administration sale' in Leeds but left disappointedWilko's administration sale isn't in every store
Læs mere »
I went to the Wilko sale after administration announcementThe household and garden retailer has around 400 stores across the UK
Læs mere »
Wilko administrators set deadline for potential biddersThe historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopard
Læs mere »