Retail chain ‘in pole position’ to take over Wilko brand and online business if tycoon’s last-gasp rescue falls through

A MAJOR retailer is in “pole position” to take over Wilko – which may see 200 outlets and 4,000 jobs saved.

The billionaire proprietor of HMV is furiously reaching out to traders and debt suppliers in a determined bid to rescue the finances chain.

The hopeful bidder needs to proceed working the corporate beneath the well-known Wilko titleCredit: Alamy

As reported by Sky News, Doug Putman has been in monetary talks with the companies from which he initially purchased HMV six years in the past.

He is hoping to increase sufficient funds to save lots of of Wilko shops and hundreds of jobs.

Putman’s supply is claimed to contain protecting about half the low cost retailer’s 400 outlets and 3,000 to 4,000 of its 12,500 staff.

The hopeful bidder additionally needs to proceed working the corporate beneath the well-known Wilko title.

The Canadian billionaire beforehand rescued HMV out of administration in February 2019.

It noticed over 100 shops and 1,500 jobs saved.

However, whereas discussions are nonetheless very a lot in play with PwC, sources have claimed Putman’s takeover is “unlikely”.

It is predicted a conclusion will likely be reached by the beginning of subsequent week about Wilko’s future.

Should the HMV proprietor fail to safe a deal, the finances brand will likely be divided between a number of corporations.

It is known 150 shops will likely be handed over to different widespread discount shops Poundland and B&M.

Administrators are nonetheless contemplating different gives. 

This comes as Wilko has launched large new gross sales with up to 50 per cent off necessities.

The sale will see large reductions on lots of of latest gadgets, together with children video games and seasonal summer time merchandise.

Meanwhile Martin Lewis’ Money Saving Expert has issued an pressing warning to buyers over new Wilko rip-off which may price you £1,000s.

Money Saving Expert execs have urged Brits to be vigilant when making purchases online after the finances retailer went into administration.

Bargain hunters have not too long ago fallen sufferer to fraud not too long ago as scammers take benefit of the gross sales.

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