Wilko: Union warns that job losses could be announced on Thursday August 30, 2023 Job losses at Wilko could reportedly be announced as soon as Thursday, after an offer to buy the entire 400-strong estate failed to pass “basic checks”, members from the GMB Union have warned. The union representing thousands of Wilko staff has now said that redundancy talks, which were suspended earlier this week, could be restarted. [...]
Wilko collapses into administration, placing 12,000 jobs at risk August 10, 2023 Wilko has collapsed into administration today after the struggling high street retailer failed to find a rescuer. The 400 strong high street store has appointed PWC as administrator, after a number of talks to save the business failed to come to fruition. In a statement, chief of Wilko, Mark Jackson, said the company had been [...]
Christie: Hospitality services group ‘improved’ after Wilko-affected torrid year February 15, 2024 Since August 2023 its share place dropped dramatically from 147.5p to 110.0p per share, representing a 27.27 per cent share decline overall in the last 12 months.
Wilko: High street chain collapsed owing £400m to creditors September 15, 2023 Wilko collapsed with a well over £400m gap in its finances, according to documents published on Companies House, including £157.3m owed to trade creditors. The reports, first published by The Grocer, show that the high street chain owed £411m to unsecured creditors, and a further £25.8m was owed to HMRC. Some of the creditors included [...]
British high street is not dead, minister insists after Wilko collapse September 14, 2023 The British high street is not dead but merely changing, ministers have insisted, after Labour accused the government of “giving up” on retail following the collapse of Wilko. Business minister Kevin Hollinrake insisted high street shopping is “reshaping itself”, as homeware shop the Range confirmed it will buy Wilko’s brand, website and intellectual property after [...]
Here’s when Wilko will close its final stores following collapse September 22, 2023 Wilko is to shut the doors of its last remaining stores on Sunday October 8 as the collapse of the historic retailer comes to a close. The hardware and furnishings retailer tumbled into administration last month after it came under pressure from weak consumer spending and debts to suppliers. The retailer will shut its final [...]
RIP Wilko: How another high street chain went to the wall September 11, 2023 After more than 90 years on the high street, Wilko and all its 400 stores will vanish by early October. Its 12,500 staff were hoping that HMV owner Doug Putman would be able to close a rescue deal that would see several hundred stores saved. But the Canadian entrepreneur abandoned talks with the high street [...]
Wilko: Second last-minute bid launched to save stricken retailer August 28, 2023 A second last-minute bid worth £90 million has been made by restructuring specialist M2 Capita, according to reports, which could keep the entire Wilko chain trading.
Wilko shops to return to high street by Christmas, says new brand owner October 27, 2023 Wilko stores are set to return to the high street, the brand’s new owner has announced.
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]