Poundland is to acquire up to 71 Wilko sites that it intends to reopen under its own brand in a deal that could throw a lifeline to some of the 1,800 staff who will lose jobs connected with those outlets.
Under the deal struck by the administrators PricewaterhouseCoopers (PwC) with Poundland’s parent company, Pepco, the sites will be acquired only after all 408 Wilko stores are shut and more than 12,000 staff made redundant.
