Alarmed shoppers have said Nottinghamshire could suffer a potential 'blow' after hearing of Wilko's financial struggles. The discount retail brand announced earlier today (January 5) that it had borrowed £40million from restructuring specialist Hilco.
Wilko confirmed there will be no redundancies for its staff or changes for customers as it changes its leadership team amid financial losses. The business also announced it had sold its Worksop site - the firm's headquarters - in November to DHL for £48million.
However, it will not be moving from its large headquarters as it will be leasing the site back from DHL in a new 15-year partnership agreement. The company hopes the funding from Hilco will allow 'financial stability throughout a tough trading period'.
