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Top related persons:
PwC - 3 Muvija - 3 Toby Melville - 3 Wilko - 2 Doug Putman - 2 James Davey - 2 Sachin Ravikumar - 2 Molly Darlington - 1
Top related locs:
Britain London Leicester England Wilko Altrincham Canadian British
Top related orgs:
REUTERS - 4 Thomson - 4 HMV - 2 Sky News - 2 Pepco - 1 Morrisons - 1

Search resuls for: "Wilko's"


4 mentions found


☆ All of UK retailer Wilko's stores to shut, with over 9,000 job losses
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A branch of the discount retail homeware store Wilko is seen in Altrincham, Britain, September 11, 2023. PwC confirmed that 124 Wilko stores were set to close by Sept. 21, while the timing for the closure of the remaining 222 stores has yet to be announced. Some job losses in addition to those set out on Monday had been announced in recent weeks. Earlier this month London-listed retailer B&M (BMEB.L) struck a deal to buy 51 Wilko stores for up to 13 million pounds ($16.26 million). "Wilko should have thrived in a bargain retail sector that is otherwise strong, but it was run into the ground by the business owners."
Persons: Molly Darlington, PwC, Wilko, Doug Putman, Nadine Houghton, James Davey, Muvija, Sachin Ravikumar, Paul Sandle, Susan Fenton Organizations: REUTERS, HMV, Thomson Locations: Altrincham, Britain, Leicester, England, Wilko, London
☆ HMV owner finalising deal to buy most of collapsed UK retailer Wilko -Sky News
  + stars: | 2023-08-31 | by ( ) www.reuters.com   time to read: +1 min
A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 31 (Reuters) - Canadian businessman Doug Putman is finalising a deal to buy the majority of collapsed British homeware retailer Wilko from its administrators in a deal which could save up to 9,000 jobs, Sky News reported on Thursday. The administrators are consulting Wilko's biggest creditors about the deal, Sky News said, adding that there was still some uncertainty around whether it would go ahead. Poundland's parent company and B&M European Value Retail (BMEB.L) have also shown interest in acquiring a smaller portion of Wilko stores. Wilko's administrators PwC said earlier on Thursday that there were parties interested in buying the retailer but none of them wanted the whole group.
Persons: Toby Melville, Doug Putman, Putman, PwC, Sarah Young, Muvija, Elizabeth Piper, Sachin Ravikumar Organizations: REUTERS, Sky News, HMV, Thomson Locations: London, Britain, Canadian, British, Wilko
☆ Some of UK retailer Wilko's stores set to close after no buyer found
  + stars: | 2023-08-23 | by ( ) www.reuters.com   time to read: +2 min
A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Some of British homeware and household goods discount retailer Wilko's stores are likely to close after a buyer could not be found for the whole group, administrator PWC said on Wednesday. PWC said that contrary to an earlier statement from the GMB trade union, there were no plans to close stores next week and they would continue to remain open and trade "in the immediate term". The family-owned retailer said earlier this month it had fallen into administration, putting its 400 stores and 12,500 jobs in danger if a buyer could not be found. Sky News reported the owner of fellow discount store Poundland, Pepco Group, was in discussions to acquire round 100 Wilko stores, while London-listed discount chain B&M European Retail could take on 40-50 shops.
Persons: Toby Melville, PWC, Kylie MacLellan, David Evans Organizations: REUTERS, Sky News, Pepco, Thomson Locations: London, Britain, Leicester, England
☆ UK retailer Wilko collapses, putting 12,000 jobs at risk
  + stars: | 2023-08-10 | by ( James Davey Muvija M | James Davey | Muvija M | ) www.reuters.com   time to read: +2 min
A branch of the discount retail homeware store Wilko is seen in London, Britain, August 3, 2023. REUTERS/Toby Melville/File PhotoSummaryCompanies Wilko enters administration93-year old retailer trades from 400 storesFailed to secure emergency investmentLONDON, Aug 10 (Reuters) - British discount retailer Wilko said it has fallen into administration on Thursday, a form of creditor protection that puts its 12,000 jobs in danger. The family-owned retailer, facing a cash squeeze after a downturn in trading, had failed to secure emergency investment. Despite the squeeze on household incomes from the jump in interest rates and high levels of inflation, most UK high street chains have traded resiliently so far this year. Reporting by James Davey and Muvija M; Editing by Kate Holton and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
Persons: Toby Melville, Wilko, Mark Jackson, PwC, McColl's, Jackson, Wilko's, we’ve, James Davey, Muvija, Kate Holton, Elaine Hardcastle Organizations: REUTERS, Morrisons, Thomson Locations: London, Britain, Leicester, England
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