ADMINISTRATORS for Wilko have revealed the locations of 52 stores which will close as early as next week resulting in more than 1000 job losses.
The news comes after PwC, which was appointed to oversee the insolvency last month, failed to secure a rescue deal for the whole business.
It comes a day after rival retailer B&M bought up to 51 other Wilko stores in a deal worth up to £13 million.B&M have bought 51 Wilko stores. It is understood that HMV owner Doug Putman is still in discussions with PwC over a possible deal to save a significant number of stores.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scottish cricket community come together to pay tribute to two Ferguslie greatsThe Paisley club hosted their Spirit of Scotland match at Meikleriggs in memory of their two former players.
Read more »
Wilko administrators warn more store closures could be aheadPwC said in its update on Wednesday, September 6, that more stores could close depending on the outcome of current negotiations
Read more »
Wilko to axe more than 1,300 jobs and close 52 stores, union saysThe GMB union said administrators have confirmed further redundancies at the collapsed retailer
Read more »
The 'relaxing' Scottish hotel and spa you can stay in for half price this autumnAs we enter the autumn months, there is no better time for a relaxing spa getaway in Scotland — and one 'picture perfect' hotel can currently be booked for half price.
Read more »
Number of golden eagles at record high in southern Scottish skiesA project has announced it has brought the number of golden eagles in southern Scotland to a record high.
Read more »
Scottish takeaway in running to be crowned Restaurant of the YearA SCOTTISH takeaway is in the running to be crowned the Restaurant of the Year.
Read more »