Companies vying to buy Wilko have been given until Wednesday to make an offer for the homewares chain which fell into administration last week.
It is understood that Wilko's administrator PwC has set a deadline to flush out serious bids for the firm.The BBC has previously reported that two retailers are interested in making an offer.
It has also been reported that private equity firms Alteri and Gordon Brothers may be interested in investing in Wilko.It is not clear how many of Wilko's shops could be rescued or if the Wilko name will be saved. Gordon Brothers bought the Laura Ashley brand in 2020 when the company, famed for its floral designs, went into administration, which was handled by PwC.Wilko was put into administration after failing to secure £75m in funding. The firm's chief executive, Mark Jackson, said last week it had been working for the past six months on a turnaround plan "to restore confidence and stabilise our business".
As well as other retailers, turnaround specialists may come forward with offers by the Wednesday deadline, which wasIf an offer does not materialise, Wilko will be placed into liquidation and the business will be wound down.
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