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The Latest Breaking News from Hilco

Bankrupt clothing retail chain liquidates, closes all stores

The casual clothing chain will liquidate and shutter its stores and transition to a wholesale and e-commerce business model.

The Street

Sainsbury’s to buy 10 Homebase stores and convert them into big supermarkets

First shop in £130m investment to open next summer as questions raised over DIY chain’s future

The Guardian - UK

Superdry to quit stock market as part of shake-up plans

Superdry today launched a restructuring plan aimed at saving the once mighty brand which will see it raise cash and slash rents.

Evening Standard

From analysis to the latest developments in health,
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Meet Hilco, the firm behind the scenes at Wilko failure and other high street collapses

Restructuring specialist made its name through dealings with some of best-known British retailers

The Guardian - UK

Superdry is still standing – but a turnaround from here would be a tall order

Co-founder Julian Dunkerton’s faith is undimmed despite £148m loss and City view that ‘execution risk remains high’

The Guardian - UK

Wilko job cuts ‘suspended’ after union calls for urgent government talks

A spokesperson for the union said it was not yet clear how long the suspension might last

Evening Standard

Wilko: union seeks urgent meeting with business secretary over administrators

GMB asks Kemi Badenoch to ensure PwC considers all bids for collapsed retailer as 12,500 jobs are at stake

The Guardian - UK

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Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

The Guardian - UK

Experts sceptical Wilko deal will emerge with creditors in driving seat

Administrators put creditors’ interests over those of employees – and for creditors, liquidation may be the best option

The Guardian - UK

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The Guardian - UK

Wilko to close ‘majority of stores’ with loss of thousands of jobs

UK retailer, which has about 400 shops, likely to shut some branches ‘in near future’ after no buyer found

The Guardian - UK

Wilko bidders given two days to submit offers with 12,000 jobs at stake

Administrator PwC understood to have brought deadline forward as retailer risks running out of money

The Guardian - UK

Customer anger after Wilko helplines shut down as administrators called in

PwC says it will restart helpline and chat system ‘soon’ as it tries to find buyer for all or part of business

The Guardian - UK

Wilko suspends home deliveries as it holds talks on rescue deal

Budget retailer and adviser PwC have until Monday to find new funding

The Guardian - UK

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GoodToKnow

Is Cath Kidston closing down? What we know as Next buys the retailer

Shoppers are asking if Cath Kidston is closing down, after UK retailer Next buys the chain for £8.5 million.

Chicago Sun-Times

Chicago is required to have a chief administrative officer; it hasn’t for decades

The city’s inspector general cited the Hilco smokestack demolition debacle as one of 11 “missed opportunities” where interdepartmental coordination could have been improved had a chief administrative officer been on the job — as is required under city code.

Chicago Sun-Times

Little Village groups want answers from City Hall, Ald. Rodriguez after Hilco report

A previously secret watchdog report accuses city officials of being negligent and incompetent before the Crawford plant implosion coated the community in dust in 2020.

Chicago Sun-Times

Mayoral candidates should explain how they will hold powerful institutions accountable for causing harm

We need solutions to prevent interpersonal violence, including eliminating economic disparities and investing in community resources.

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Chicago Sun-Times

City was ‘negligent,’ showed ‘incompetence’ protecting Little Village from pollution, report finds

A once-secret inspector general’s report says City Hall dropped the ball on Crawford plant implosion in 2020.

Chicago Sun-Times

City Hall giving passes on air pollution, CPD shooting probed and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

Polluters like Southeast Side plant often get a pass on air-quality violations in Chicago, Sun-Times finds

Fewer than half of all citations written by Chicago city health inspectors in recent years for air pollution end up sticking, records show. That’s left neighbors of polluters unhappy.

Birmingham Post

DHL confirm sale of Wilko distribution centre – which it bought for £48m two months ago – for reported £88m

GMB union says DHL sold Notts site to Canadian asset manager Brookfield for £88 million

Nottingham Post

Shoppers say Wilko financial struggles could be a 'blow' for Nottinghamshire

The brand is Nottinghamshire's fourth-largest firm

Birmingham Post

Wilko secures £40m of credit following tough trading

Wilko is the fourth biggest firm in Nottinghamshire, and the 23rd biggest UK retailer

Nottingham Post

Wilko secures £40 million funding as it fails to 'perform to full potential'

The brand has also sold its Worksop site but will not be moving

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Tyler Pasciak LaRiviere

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