Wilko rescue bid by HMV owner collapses leaving Lancashire jobs at risk

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Wilko rescue bid by HMV owner collapses leaving Lancashire jobs at risk
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It comes as 52 Wilko stores are closing across the UK this week leading to 1,016 redundancies

A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed putting Lancashire and Cumbria jobs at risk.

Sky News has reported that administrators from PwC are now in talks with Poundland over a potential deal to offload about 100 stores. Other high street chains including The Range and Home Bargains have also reportedly signalled their interest over potentially buying the Wilko brand or stores.

Wilko, which employed around 12,500 staff, has already announced a £13 million deal to sell 51 shops to B&M, although the rival discounter has not agreed to take on Wilko workers as part of the deal. Administrators have already announced more than 1,600 redundancies at Wilko in recent weeks.

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