Wilko brand set to be bought by The Range as carve up continues September 13, 2023 The Range is poised to buy the brand and intellectual property of Wilko, as the collapsed high street store continues to be carved up by competitors.
Wilko job cuts ‘likely’ – but 11th hour talks with Poundland owner continue August 23, 2023 Administrators for Wilko today warned that job losses were “likely” as potential buyers were no longer interested in acquiring the whole group. Wilko first called in the administrators three weeks ago after several months looking for investment failed to bring forth any fruit. Sky News reported today that Poundland owner Pepco Group is in advanced [...]
Poundland owner: UK shoppers particularly wounded by higher bills due to stagnant wage growth June 9, 2022 Poundland owner Pepco has said consumers in the UK have been particularly wounded by higher costs of living, impacting spending. Pepco, which also owns discount retailer Dealz, said higher wages in Central and Eastern European markets were significantly offsetting inflationary pressures. However, in the Western European markets, stagnant wage growth had led to shoppers paring [...]
Wilko: Over 200 job cuts confirmed after M2 Capital drops out of bidding race August 31, 2023 Administrators for Wilko confirmed today that over 200 jobs will be lost after M2 Capital's bid to buy the entire group timed out this morning.
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 [...]
Cost of living crisis: 63 per cent of Brits now shop at discount grocery stores August 22, 2023 More than half of shoppers now shop at discount grocery stores as Brits continue to seek out bargains amid the cost of living crisis. According to new data released by NIQ, in the last four weeks some 63 per cent of the public shopped at value chains such as Aldi, B&M and Poundland, with over [...]
Profit slides at Poundland owner Pepco amid pandemic June 23, 2020 Pepco Group suffered a more than 16 per cent slide in profit in the first half of its 2020 financial year, damaged by a lack of sales during the coronavirus pandemic. The owner of Poundland reported an income of €89m (£80m) in the six months to March, having posted €116m in profit up until February. [...]
Poundland-owner Pepco’s boss says sale ‘almost inevitable’ February 5, 2020 The chief executive of Poundland-owner Pepco Group said it is “almost inevitable” the company will be sold, as the retailer updated the market on its strong Christmas trading last year. Pepco Group boss Andy Bond said it is likely that its owner Steinhoff will sell the firm, adding he is “genuinely open minded” on the [...]
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 [...]
Retailers tumble as investors fret over spending squeeze June 9, 2022 Retailers took a tumble in London today driven by investors fretting over the impact of the cost of living crunch on the sector’s bottom line. The capital’s premier FTSE 100 index slid 1.54 per cent to 7,476.21 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]