skip to main content
  • *
  • *
Find Insight DIY on
* * *


Wilko Secures Funding From Hilco

Wilko logo one

Sky News has reported that wilko has secured £40m in funding from Hilco.

Hilco is a prominent financial investor and adviser, which specialises in dealing with businesses which are underperforming, non-core subsidiaries, retirement sales or which are distressed. Homebase and Cath Kidston are owned by Hilco, the former having been purchased for £1 from Wesfarmers in 2018. 

In late November, wilko warned on performance, advising that for the year ended January 29th 2022, it had noted a 30% drop in footfall and group sales decline of £43.2 million to £1.31 billion. Like-for-like sales declined by 3.1%. 

Around the same time, it was confirmed that Alison Hands, wilko's managing director, was to leave the business to become CEO of Lincolnshire Co-op.

In December, it was announced that Mark Jackson, the CEO of Bensons for Beds, had been appointed CEO designate and the business was readying for a turnaround. 

Wilko issued the following statement to Sky News: "Against a backdrop of major supply chain disruptions and significant footfall declines, particularly on the high street, Wilko recognises that it has not been performing to its full potential and is making strategic changes, including accelerating its omni-channel offer to turnaround the business." 

Source : Insight DIY Team

For all the very latest news and intelligence on the UK's largest home improvement and garden retailers, sign up for the Insight DIY weekly newsletter.   

04 January 2023

Related News

view more UK DIY News

Insight DIY always publishes the latest news stories before anyone else and we find it to be an invaluable source of customer and market information.

Max Crosby Browne - CEO, Home Decor

Don't miss out on all the latest, breaking news from the DIY industry