Administrator PwC said that Pepco agreed on the deal which will see the stores reopen under the Poundland brand
. Workers at the stores will not directly be transferred as part of the move.
However, Poundland said it will 'prioritise' existing Wilko workers to work at Poundland once the shops are opened under the new brand. Poundland said its new lease agreements are set to be completed by the "early autumn" and aims to open up the new stores by the end of 2023.
"We will continue to engage with other retailers around any interest in other Wilko sites and are confident of completing a sale of the brand and intellectual property within the coming days."It comes after administrators announced that all of Wilko's remaining stores, warehouses, and support centre, workers will lost their jobs after failing to secure a rescue deal.
The announcement comes on the final day of trading for 24 Wilko stores, in the first phase of the chain’s mass closures involving more than 100 stores.
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