HMV
This coverage focuses on HMV’s position and performance within the UK retail sector, highlighting store strategies, brand revival efforts, merchandising approaches, and financial developments. Reporting also examines management decisions, market challenges, and the retailer’s adaptation to changing consumer trends. Insights are tailored for retail executives, brand managers, and professionals interested in the dynamics of entertainment retail and high-street resilience.
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Sep- 2023 -13 SeptemberHigh Street
The Range agrees £5m deal for Wilko brand
Value retail chain The Range has agreed a deal to purchase the Wilko brand in a deal worth £5m, according to reports from Sky News. The deal is expected to be announced later on Wednesday and will be the latest in a series of transactions signed by administrators PwC. More…
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12 SeptemberHigh Street
Wilko to close all remaining stores, 12,500 jobs at risk
Collapsed retail chain Wilko will close all of its 400 stores by early October after a rescue bid failed to materialise, placing 12,500 jobs at risk. Administrators PwC said it informed all staff that they will sadly commence the closure of all wilko stores, the two distribution centres and the…
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11 SeptemberHigh Street
HMV owner fails with Wilko rescue deal
A rescue deal for collapsed high street retailer Wilko which could have saved thousands of jobs has failed after HMV owner Doug Putman pulled out of the deal due to rising costs. Putman had reportedly planned to keep up to 300 stores, however it is thought that the deal was…
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5 SeptemberHigh Street
Wilko to axe 1,300 jobs and close 52 stores
Wilko is set to close 52 stores and make 1,300 redundancies across the business as rescue talks for the retailer continue, its administrator confirmed today. Earlier today, PwC confirmed that it has agreed to provide B&M with the option to acquire up to 51 properties, after the administration trading period…
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5 SeptemberHigh Street
B&M eyes Wilko deal as Putman offer falters
B&M could reportedly be in line to acquire a number of Wilko stores after rescue talks with HMV owner Doug Putman hit difficulties this week. According to Sky News, B&M could acquire around 50 Wilko shops, with industry sources adding that Wilko’s administrators could soon announce the first round of…
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4 SeptemberHigh Street
EY under fire over Wilko accounts oversight
EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…
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4 SeptemberHigh Street
HMV owner secures creditor backing for Wilko rescue deal
Administrators to Wilko have reportedly secured the backing of creditors for a rescue deal led by HMV owner Doug Putman in a move that could save around 8,000 jobs. According to The Sunday Times, PwC is understood to have secured support from the Pension Protection Fund as well as other…
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Aug- 2023 -31 AugustHigh Street
Wilko redundancies to begin as rescue talks collapse
Hundreds of redundancies are set to begin at Wilko after last-minute rescue talks with potential buyers fell through, its administrator has confirmed. In a statement released today (31 August), PwC confirmed that 269 support centre employees will now be made redundant, effective from close of business on Monday (4 September),…
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30 AugustHigh Street
Wilko bidder criticises PwC over bidding process
Restructuring specialist M2 Capital has reportedly criticised the administrators of Wilko after submitting a last-minute offer to rescue the retailer. According to The Financial Times, M2 wrote to PwC chair Bob Moritz earlier this week to criticise the bidding process and question whether it was “fair and transparent” after submitting…
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25 AugustHigh Street
HMV owner makes last-ditch bid for Wilko
Canadian businessman Doug Putman has reportedly made a last-ditch attempt to rescue parts of Wilko in a move that could save up to 4,000 jobs, The Times has reported. According to The Times, Putman, who purchased HMV in 2019, has held talks with Wilko’s management team and administrators from PwC…
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