- Reaction score
- 1,693
The Wilko name will disappear from UK High Streets after a rescue deal for the chain fell through.
All of its 400 stores across the UK will close by early October, the GMB union has said.
It means redundancies are likely for all 12,500 staff at the family-owned business.
It is understood no bidders are interested in running shops under the Wilko name, although some parties are interested in rebranding their stores.
The billionaire owner of HMV, Doug Putman, hoped to keep up to 300 Wilko shops open, but his bid failed as rising costs complicated the deal.
www.bbc.com
All of its 400 stores across the UK will close by early October, the GMB union has said.
It means redundancies are likely for all 12,500 staff at the family-owned business.
It is understood no bidders are interested in running shops under the Wilko name, although some parties are interested in rebranding their stores.
The billionaire owner of HMV, Doug Putman, hoped to keep up to 300 Wilko shops open, but his bid failed as rising costs complicated the deal.
All Wilko shops to shut with 12,500 jobs likely to go
The Wilko name will disappear from UK High Streets as a rescue deal for the chain falls through.
www.bbc.com
