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12-09-2023, 09:06 AM
Canadian businessman Doug Putman had been in talks with administrators PricewaterhouseCoopers (PwC) to buy some 200 shops operated by Wilko, which went bust in August.
But both Putman and PwC said that those discussions to rescue it as a going concern had reached an end — despite having backing from Wilko management, staff and PwC — as it was revealed that as many as 10,196 extra employees face the axe.
A source familiar with the matter confirmed to AFP that administrators were also in discussions with low-cost retailers Poundland and Home Bargains over a possible partial rescue deal.
But those talks also failed.
https://www.malaymail.com/news/money/202...ails/90339
But both Putman and PwC said that those discussions to rescue it as a going concern had reached an end — despite having backing from Wilko management, staff and PwC — as it was revealed that as many as 10,196 extra employees face the axe.
A source familiar with the matter confirmed to AFP that administrators were also in discussions with low-cost retailers Poundland and Home Bargains over a possible partial rescue deal.
But those talks also failed.
https://www.malaymail.com/news/money/202...ails/90339
