Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200 Wilko shops.
A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed.
Administrators for the high street chain had been in discussions with Doug Putman, who owns the entertainment retailer, over a deal to buy around 200 Wilko shops. However, the PA news agency understands that these talks have now collapsed, intensifying fears over the future of thousands of jobs.In a statement to The Sun newspaper, Mr Putman said: “It is with great disappointment that we can no longer continue in the purchase process for Wilko having worked with administrators and suppliers over several weeks to seek a viable way to rescue it as a going concern.
Sky News has reported that administrators from PwC are now in talks with Poundland over a potential deal to offload about 100 stores. Wilko, which employed around 12,500 staff, had 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.
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