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GMB Union: 'Hope' For Wilko's Future

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The GMB Union has issued an update on Wilko after meeting with administrators.

Andy Prendergast, GMB National Secretary, said:

“GMB has met with administrators and the company as part of the formal consultation process. 

“We can confirm there have been expressions of interest from organisations who are considering taking over at least some parts of the business. 

“These are still at an early stage, but means there are genuine grounds for hope.

“Whilst this process continues staff will continue to be paid and kept on. All stores are continuing to trade, and deliveries of new stock will continue.”

Wilko fell into administration on the 10th August and administrator PwC set a deadline of Wednesday 16th August for receipt of initial offers for the company.  

The retailer is currently running an 'everything must go' administration sale, offering significant discounts on Christmas and Halloween goods.

Several discount retailers and financial investment companies - including Gordon Brothers, Alteri Investors and Opcapita - are reportedly interested in the Wilko business.

Source : Insight DIY, GMB Union

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18 August 2023

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