It is one of Nottinghamshire's biggest companies
Discount retail brand Wilko has announced there will be no redundancies for its staff or changes for customers as it restructures its leadership team amid financial losses. The brand, which is based in Manton Wood Enterprise Park in Worksop, has also agreed to a £40 million, two-year revolving credit facility with Hilco.
The company, which is the fourth largest firm in Nottinghamshire, recorded a £36.8 million loss before tax over the year leading to January 2022. During lockdowns of 2020, it recorded £4.4 million in profit as many households turned to DIY and it was one of the first stores allowed to open in the early months of the pandemic as it was deemed essential.
It confirmed that this will not affect the 16,000 staff across the business or customers. Wilko is the UK's 23rd biggest retailer with a 20,000 product line from household goods to pet food, across more than 400 stores. Major shareholder Lisa Wilkinson will step aside as Chair but will remain on the board as family director. Lisa is the daughter of Tony Wilkinson and had been responsible for operations at Wilko retail both online and in-store. She started with the company in 2004.
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