HMV owner finalising deal to save majority of Wilko stores, reports say

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HMV owner finalising deal to save majority of Wilko stores, reports say
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Canadian businessman Doug Putman could be finalising a bid to buy around 300 of Wilko’s 400 stores.

Thousands of jobs could be saved at collapsed retailer Wilko as the owner of HMV finalises a deal to buy hundreds of stores.

But administrator PwC said that discussions have continued with parties interesting in buying parts of the business. Doug Putman’s retail group Sunrise Records acquired 100 HMV stores in 2019, preserving nearly 1,500 jobs Mr Putman’s retail group Sunrise Records swooped in to buy HMV in 2019, safeguarding nearly 1,500 staff after acquiring 100 stores across the UK.PwC confirmed that 269 support centre workers in Worksop and Newport will have their last day with the business on Monday.Exact numbers have yet to be confirmed but it is thought that around 1,600 people work across the warehouses and support centres.

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