All Insolvency & administration articles – Page 4
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NewsWilko administrators to carry out review of £77m dividends payout
Wilko’s administrators PwC will conduct a review into the dividends paid out to investors in the decade leading up to the retailer’s collapse.
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NewsThe Range makes £5m deal to acquire Wilko brand and website
Value retailer The Range has made a deal to buy the Wilko brand from administrators PwC for around £5m, saving 36 jobs in the process.
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NewsPepco Group to snap up 71 former Wilko stores
Pepco Group has reached an agreement with administrator PwC to acquire up to 71 former Wilko sites.
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AnalysisWhat does the collapse of Wilko mean for the UK high street?
News emerged this morning that a rescue deal by HMV owner Doug Putman had collapsed, leading to a further announcement of the likely closure of all 400 stores and the loss of 12,500 jobs by early October.
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NewsAll Wilko branches to close by next month with the likely loss of 12,500 jobs
All 400 branches of Wilko will close by early October with the anticipated loss of all 12,500 jobs across the business, according to the GMB union.
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NewsWilko rescue deal collapses, putting thousands of jobs at risk
A rescue deal for Wilko being worked on by HMV owner Doug Putman has collapsed, leaving the future of thousands of jobs in limbo.
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Opinion‘Wilko’s rescue deal fiasco is a distraction from the real problem’
A new week brings fresh headlines about Wilko’s struggle to find a rescue deal that would save most of its 400 stores and keep its 12,500 staff employed but, as of the time of writing, the hunt for a buyer rumbles on.
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NewsWilko administrators confirm locations of 51 store closures
Administrator PwC has confirmed the locations where Wilko stores will be closing on September 12 and September 14.
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NewsB&M acquires 51 Wilko stores
Discount retailer B&M will take over 51 Wilko stores, but a wider rescue deal from HMV owner Doug Putman remains uncertain.
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NewsWilko rescue deal ‘in limbo’ over supplier issues
A rescue deal by HMV owner Doug Putman to save collapsed retailer Wilko is reportedly “in limbo” following issues with some of its big suppliers.
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NewsExclusive: OnBuy ‘exploring possible synergy’ with Putman to save Wilko
UK-based online marketplace OnBuy is exploring a “possible synergy” with HMV owner Doug Putman as they look to save Wilko, Retail Week can reveal.
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NewsHMV owner Putman moves closer to rescue deal for Wilko
HMV owner Doug Putman is said to be edging closer to buying a large portion of troubled retailer Wilko.
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NewsWilko redundancies to go ahead as rescue bid collapses
Wilko redundancies will go ahead as a last-minute rescue bid from a private equity firm has fallen through.
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NewsWilko redundancies on hold while rescue bids considered
Redundancies at Wilko have been put on hold while last-minute rescue bids for the troubled retail chain are considered.
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NewsGMB seeks ‘urgent meeting’ with business secretary regarding Wilko administrators
The GMB union is reportedly seeking an “urgent meeting” with business secretary Kemi Badenoch to confirm that Wilko administrator PwC is considering all bids for the collapsed value retailer.
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NewsHMV owner Putman makes last-minute offer for Wilko
HMV owner Doug Putman has made a last-ditch offer to save troubled retailer Wilko after the company fell into administration.
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Opinion‘Wilko’s demise doesn’t mean the death of the high street’
The collapse into administration of Wilko has been seen as symbolic of an ongoing ‘death of the high street’ as the town centres in which it mainly operates face the prospect of yet more shuttered stores – some in places where former Debenhams or Topshop stores may still stand empty since they toppled.
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NewsPoundland and B&M circle 150 collapsed Wilko stores
Poundland owner Pepco Group and B&M European Value Retail, which trades as B&M, are reportedly in talks to acquire around 150 of Wilko’s stores, following failed attempts to find a buyer for the whole group.
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NewsWilko: jobs to be lost and stores closed as attempts to find buyer fail
Wilko’s administrator has concluded that jobs will be lost and stores will close after it failed to find a buyer for the whole business.
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NewsWilko £48m warehouse sale raises speculation
Wilko sold its flagship depot in a “controversial sale and leaseback deal”, which reportedly indicates the embattled retailer passed up on as much as £40m in a bid to stay afloat.