WILKO’s administrators at PwC have given a deadline of 5pm today for private equity M2 Capital to provide evidence that it has proof of funds to complete a rescue of the bust retailer. M2 Cap…
Mr Mantse told The Sun he is in talks with a “British-born billionaire who lives in the US” about financing for the Wilko offer.
Mr Mantse confirmed to The Sun that while M2 Capital claims to be owner of Como Hotels Group, the firm was yet to build a single hotel but was on the cusp of getting $1 billion funding.to explore all offers by potential bidders, especially M2 Capital’s which says that it would preserve all 12,500 jobs and stores.Most read in Business
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Can Wilko be saved? Redundancies paused as last-minute bids come in to rescue retailerWilko has paused redundancies while rescue bids are considered for the chain.
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Wilko family issues heartbreaking update as chain struggles for survivalTHE FAMILY behind struggling Wilko has issued a heartbreaking update as the chain struggles for survival. The retailer tumbled into administration earlier this month, putting the future of its 400 …
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Former Wilko boss defends £77,000,000 payouts to owners before collapseKaren Wilkinson insists managers 'tried everything' to stop the business from falling into administration, putting 12,000 jobs at risk.
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Wilko redundancies 'suspended' amid reports of last-minute offersThe GMB union says it has met administrators of the Nottinghamshire-based firm
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Wilko: Redundancies suspended while rescue bids consideredThe GMB union says the retailer and its 12,500 workforce 'are not out of the woods yet'.
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'No job losses at Wilko' while bids considered for collapsed retailerThe GMB union said it had been given assurances by administrators PwC during a meeting on Tuesday morning. More than 12,500 jobs are under threat at the discount homeware chain.
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