Aug 25, 2023

Wilko: HMV owner in last-ditch talks to buy shops

Efforts to salvage at least some branches of collapsed household retailer Wilko are still under way, despite a deadline for final offers to be submitted by Friday evening. Wilko's collapse puts 12,500 jobs and 400 stores at risk. Even if Mr Putman's last-minute offer is successful, it is understood that it would not be expected to prevent the closure of the majority of Wilko's stores and the closure of its depots and head offices. The Canadian businessman's firm, Sunrise Records, bought HMV in 2019 which helped save some 1,500 jobs at the time and around 100 stores. After the collapse of Woolworths in 2008, Wilko - which is still family run - stepped up to fill the gaps left on the High Street.

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