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The Latest Breaking News from Wilko

Wilko pauses redundancies as administrators consider rescue bids, says union

The GMB union, which represents more than 3,000 of Wilko’s 12,500 staff, said it met with administrators on Tuesday morning.

The Independent UK

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

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

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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

Romancing the 60s on London’s Goodge Street

Brief letters: Donovan’s Sunny Goodge Street | Seeds for success | Ethical savings | Wilko workers

The Guardian - UK

Second last-minute bid launched to save Wilko, reports say

Rescue bid could keep entire Wilko chain trading after it collapsing into administration

Evening Standard

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

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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

Majority of Wilko stores to close 'within weeks' - see all the stores at risk

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

The National (Scotland)

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

Most Wilko stores to close in weeks as union warns of ‘significant job losses’

The GMB Union, which represents more than 3,000 Wilko staff, said a rescue purchase out of administration “fell through”

Evening Standard

Wilko scammers lure in online shoppers with fake websites after chain collapses

Wilko has ended all online sales after it entered administration and shoppers can only buy in stores

Evening Standard

Scam websites lure in Wilko customers with offers such as £4.99 sofa

Shoppers warned to be careful with sales as collapsed budget chain only selling goods in its stores

The Guardian - UK

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The Conversation

How rising interest rates are affecting UK businesses

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

The Guardian - UK

Christmas and Halloween items in Wilko ‘everything must go’ sale

Administrators try to secure rescue deal for retailer, with talks expected to go on well into next week

The Guardian - UK

Future of Wilko staff in limbo as deadline for rescue bid passes

Collapsed budget retailer’s 12,500 workers wait to hear whether buyer has emerged

Evening Standard

‘Still hope’ for Wilko employees with administrators’ decision on rescue bids expected next week

Rivals B&M and Poundland, as well as Laura Ashley owner Gordon Brothers are among those said to be interested in saving at least some Wilko stores

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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 Independent UK

Wilko administrators set Wednesday deadline for potential bidders

The historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopardy.

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

What Wilko collapse means for staff and shoppers – and who might buy it

Most day-to-day operations continuing, but expected store closures likely to result in job losses

Evening Standard

Wilko stores could be left empty as estate will be tough to re-let, new data suggests

Most of Wilko’s shops are expected to close within weeks, the GMB Union said

The Guardian - UK

Friday briefing: Why NHS waiting lists are at a record high in England

In today’s newsletter: More than 7.5 million people are waiting for treatment of some kind in England – what does that really mean?

The Guardian - UK

‘I’m broken-hearted’: customers mourn the end of Wilko

As the chain enters administration, its customers praise its convenience, prices and range of products – despite recent supply issues

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