The proprietor of low cost retailer Poundland will take over the leases of as much as 71 of Wilko’s 400 shops after the chain’s collapse.
The Pepco Group will rebrand the branches below the Poundland title.
It comes after Wilko went into administration final month, placing 12,500 jobs in danger.
Hopes that many branches of the low cost homeware retailer may very well be saved had been seemingly dashed earlier this week when a rescue deal involving the proprietor of HMV collapsed.
Wilko began closing its branches on Tuesday, with 28 extra scheduled to close tomorrow earlier than the remainder stop buying and selling by early subsequent month.
Poundland managing director Barry Williams stated: “In the coming weeks we will work quickly with landlords so we can open these stores as Poundlands with the new ranges that have been pivotal to our recent development.
“And as soon as that course of is full, we are going to guarantee a big variety of the Wilko colleagues will be a part of our Poundland crew.”
While the deal consists of “up to” 71 Wilko shops, a Poundland spokesman stated the ultimate whole would rely on talks with the landlords of every web site to agree lease phrases.
Will your native Wilko develop into a Poundland? Here’s the total record:
• Aberdare, Wales
• Alfreton, Derbyshire
• Alnwick, Northumberland
• Altrincham, Greater Manchester
• Ammanford, Carmarthenshire
• Ashby, North Lincolnshire
• Barking, London
• Bedminster, Somerset
• Beeston, Nottinghamshire
• Bicester, Oxfordshire
• Bishop Stortford, Hertfordshire
• Bletchley, Milton Keynes
• Bolton, Greater Manchester
• Brentwood, Essex
• Brigg, North Lincolnshire
• Cambridge, Cambridgeshire
• Chepstow, Wales
• Coalville, Leicestershire
• Cramlington, Northumberland
• Droitwich, Worcestershire
• Eccles, Greater Manchester
• Edmonton Green, Greater London
• Ellesmere Port, Cheshire
• Ferndown, Dorset
• Gateshead, Tyne and Wear
• Grays, Essex
• Greenock, Inverclyde
• Grimsby, North Lincolnshire
• Havant, Hampshire
• Hayes, Middlesex
• Headingley, West Yorkshire
• Hessle Road – Hull, East Yorkshire
• Hillsborough, Sheffield, South Yorkshire
• Hitchin, Hertfordshire
• Jarrow, South Tyneside
• Killingworth, North Tyneside
• Kimberley, Nottingham
• Lee Circle, Leicester, East Midlands
• Leek, Staffordshire
• Leigh, Greater Manchester
• Lichfield, Staffordshire
• Maidenhead, Berkshire
• Matlock, Derbyshire
• Melton Mowbray, Leicestershire
• Nelson, Lancashire
• Northallerton, North Yorkshire
• Orton, Peterborough, Cambridgeshire
• Pembroke Dock, Pembrokeshire
• Peterlee, County Durham
• Pontefract, West Yorkshire
• Pontypool, Wales
• Redhill, Surrey
• Redruth, Cornwall
• Ripley, Derbyshire
• Rugeley, Staffordshire
• Sale, Greater Manchester
• Seaham, County Durham
• Selly Oak, Birmingham, West Midlands
• Shrewsbury Darwin Centre, Shropshire
• South Shields, South Tyneside
• Southport, Lancashire
• Stafford, Staffordshire
• Stamford, Lincolnshire
• Stockport, Greater Manchester
• Thornaby, North Yorkshire
• Wellington, Shropshire
• Wembley, London
• West Ealing, London
• Wombwell, South Yorkshire
• Worcester, Worcestershire
• Worksop, Nottinghamshire
The takeover follows the information final week that fellow low cost retailer B&M had snapped up 51 different Wilko shops.
The places of the branches obtained by B&M are but to be revealed as a result of they’re topic to a confidentiality settlement, directors PwC stated.
Source: information.sky.com”