Wilko: Store confirms over 1,000 job cuts – but talks with HMV owner continue September 5, 2023 Wilko’s administrators confirmed today that it will cut 1,300 jobs and close 52 stores.
Wilko: Union calls for former boss to face MPs over £56m pension pot hole September 20, 2023 The union representing Wilko workers called for Lisa Wilkinson to answer questions about a £53m hole in its pension pot.
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 [...]
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.
How Wilko is returning to high streets just months after its dramatic collapse December 1, 2023 Wilko has returned to the high street with two new shops just months after the collapse of the historic retail chain. On Friday, the brand opened stores in Plymouth and Exeter as it relaunched following its dramatic failure. Earlier this year, the retailer shut its 400 UK shops after tumbling into administration in the face [...]
Kazakh billionaire offloads Mayfair property for £35m May 9, 2024 A Kazakh oligarch worth an estimated £5bn has sold his London mansion for just shy of £35m in one of the largest deals this year.
How Brits (and businesses) fell in love with the humble retail park September 20, 2023 On the outskirts of every bustling town and city lies the reliable, yet boring, retail park. But, as dull as they may be, retail parks are having their moment in the sun.
Taylor Wimpey and Rightmove set to benefit from Labour housebuilding plans June 26, 2024 Firms including Taylor Wimpey and Rightmove are poised to benefit if Labour wins the general election on 4 July, according to a leading broker, as both main parties put homebuilding at the centre of their plans to tackle the UK's housing crisis.
Capital and Regional: Shopping centre owner says footfall on the rise thanks to demand for bargain goods March 8, 2024 The Mall Wood Green owner Capital and Regional has reported a slight uptick in footfall across its shopping centres driven by a demand in customers shopping at discount stores.
Lurpak owner Arla Foods to spend nearly £180m to export mozzarella March 19, 2024 Arla Foods, the maker of brands including Cravendale, Skyr and B.O.B milk, has announced plans to spend almost £180m to enable the business to export mozzarella across the world in the next three years.