Poundland owner buys up 71 Wilko stores on the brink of closure

South Africa News News

Poundland owner buys up 71 Wilko stores on the brink of closure
South Africa Latest News,South Africa Headlines
  • 📰 Daily_Record
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 89%

It comes just after the collapsed retailer announced the first wave of store closures this morning.

Poundland owner Pepco has reached a deal with Wilko that will see it buy up 71 of the roubled retailer's stores from closing down.

While workers will not be directly transferred as part of the move, Poundland has said that it will "prioritize" existing Wilko employees for roles when its shops joins the Poundland estate. "And once that process is complete, we will ensure a significant number of the Wilko colleagues will join our Poundland team.

"We recognise the last few weeks have been difficult for them and we will move quickly to secure new consents from landlords so we can offer them the certainty they deserve.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily_Record /  🏆 9. in UK

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.

Poundland owner to buy 71 Wilko storesPoundland owner to buy 71 Wilko storesAdministrator PwC said that Pepco agreed on the deal which will see the stores reopen under the Poundland brand
Read more »

Poundland owner to buy up to 71 Wilko stores in new dealPoundland owner to buy up to 71 Wilko stores in new dealA number of Wilko stores across the UK will close today
Read more »

Poundland owner Pepco to buy up to 71 Wilko storesPoundland owner Pepco to buy up to 71 Wilko storesIt comes a day after administrators confirmed all the group’s remaining shop, warehouse and support centre workers are set to lose their jobs.
Read more »

Poundland owner buys three Notts Wilko storesPoundland owner buys three Notts Wilko storesThree of the stores affected are in Nottinghamshire
Read more »

Poundland owner to buy 71 Wilko stores day after union says collapse would shut 400 shopsPoundland owner to buy 71 Wilko stores day after union says collapse would shut 400 shopsWilko has begun the process of shutting shops across the UK, with 12,500 jobs at risk
Read more »

Pepco to take over up to 71 Wilko stores and make them Poundland shopsPepco to take over up to 71 Wilko stores and make them Poundland shopsPepco has agreed with Wilko's administrators that up to 71 Wilko stores will become Poundland shops.
Read more »



Render Time: 2025-03-04 23:39:28