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 announced it has also sold its distribution site in November to DHL for £48 million. 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.
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