A bid to buy the entire Wilko business has fallen through, Sky News understands.
Private equity firm M2 Capital had hoped to purchase the discount homeware chain and its 400 stores, but the deal is off following talks with administrators PwC.
Around 1,300 roles are at immediate risk of redundancy, but some of those will be saved as they are needed to keep stores running.after struggling from inflationary pressures, competition from rivals and supply chain challenges.Read more from 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 redundancies might resume imminently if deal falls throughThe future of Wilko’s 400 shops and 12,500 workers are at stake
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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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