Wilko
This coverage explores Wilko’s business activities and challenges within the UK retail sector, focusing on store operations, financial performance, restructuring efforts, leadership decisions, and strategic direction. Reporting provides insight into how Wilko navigates competitive pressures, consumer demand, and market changes — offering valuable context for executives, managers, and professionals overseeing operations in general merchandise and value retail.
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Aug- 2023 -24 AugustSupermarkets
Aldi calls for Wilko staff to apply for over 6,000 roles
Aldi has called upon staff at Wilko to get in touch with the company about jobs amid the news that Wilko looks unlikely to be saved in a rescue deal. The budget supermarket stated that it had more than 6,000 jobs currently available across its UK stores. It recently announced…
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24 AugustHigh Street
Majority of Wilko stores to close ‘within weeks’
The majority of remaining Wilko stores are set to shutter “within weeks” and redundancies are expected to begin after the embattled retailer failed to secure a buyer, the GMB Union has warned. The union said it was recently informed by administrators that there was “no longer any prospect that the…
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15 AugustHigh Street
Wilko competitors consider bids for its estate
Wilko’s non-food market competitors Poundland, B&M, The Range and Home Bargains are reportedly among the companies looking to settle a deal to acquire the collapsed business, The Sun has reported. The retailers have until tomorrow (Wednesday 16 August) to register their offers with PwC, Wilko’s administrator. It is understood that…
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8 AugustHigh Street
Gordon Brothers mulls potential Wilko rescue deal
The investment company, Gordon Brothers, which has backed high street retailer Laura Ashley, is in talks with Wilko’s advisers at PwC about structuring a potential deal, Sky News has learned. An offer could involve Gordon Brothers providing funding to the discount retailer to implement a restructuring that would involve “significant”…
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7 AugustHigh Street
Wilko in need of over £70m in potential rescue deal
The prospective buyers of Wilko, the discount home goods retailer that is facing permanent closure, will have to invest upwards of £70m to rescue the business, The Times has reported. This comes as PwC, which is advising the retailer, is reportedly in talks with other rival discount retailers and two…
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3 AugustHigh Street
Wilko set to appoint administrators
Budget household and garden retailer Wilko has announced that it has filed a notice of intention to appoint administrators. The news comes as, earlier this year, the retailer was considering selling the company in a bid to secure its future. The retailer, which operates roughly 400 stores across the country…
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Jul- 2023 -21 JulyHigh Street
Wilko owners explore potential sale
The owners of Wilko are reportedly exploring a potential sale of the chain in a bid to rescue the group’s future, Sky News has reported. Advisors are now said to be seeking out potential buyers, with sources telling Sky that a “large number” of large general merchandise chains have been…
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Jun- 2023 -19 JuneHigh Street
Wilko landlords could face no rent for three years under CVA
Some landlords of Wilko stores could reportedly receive no rent for three years, as the chain looks to make drastic cost cuts ahead of a restructuring vote. According to the Sunday Times, it comes as Wilko is looking to slash its rent bill as part of its CVA which is…
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12 JuneHigh Street
Wilko calls in advisors ahead of rent cut talks
Wilko has reportedly appointed property advisers ahead of crunch talks with landlords as the group looks to cut rents across its estate. According to Sky News, the group has drafted in property agent CBRE ahead of formal negotiations with shop owners, which are expected to start in the coming weeks.…
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May- 2023 -22 MayHigh Street
Wilko eyes CVA to slash costs
Wilko is considering entering into a company voluntary arrangement (CVA) to renegotiate rents and possibly close some of its stores in a bid to cut costs across the group, according to Bloomberg. Bloomberg reports that the struggling discount chain has reached out to PwC to explore its restructuring options, which…
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