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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Wilko rescue failed because ‘everyone got a little bit greedy’, says HMV owner

The final day of trading at Wilko in Brownhills
All of Wilko’s 400 stores closed after the rescue deal for the chain fell through. Photograph: Christopher Thomond/The Guardian

The HMV owner Doug Putman has said his planned rescue of the retailer Wilko collapsed because “everyone just got a little bit greedy” and was not thinking about the jobs that could have been saved.

The Canadian retail billionaire, who has engineered a turnaround of HMV in the UK and owns Toys R Us in Canada, was close to a deal to take over as many as 200 of Wilko’s 408 stores in September, which would have saved more than 12,000 jobs.

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