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The Latest Breaking News from PwC

Wilko: what insolvency really means for the budget retailer and why its competitors are surviving (for now)

All 400 of Wilko’s shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailer’s administrator PwC announced the news after it struggled to secure a rescue deal for Wilko to continue operating.

The Conversation

What happened to Wilko and when will the last shops shut?

The closure of the firm’s remaining 400 stores and the loss of 9,100 staff was confirmed by administrators PwC on Monday

The Independent UK

All Wilko shops to close with 9,100 job losses

PwC said that it had tried but failed to find someone to save part of the business

Evening Standard

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All Wilko shops to close with over 9000 job losses as rescue deal collapses

Another 9100 people who work for failed retailer Wilko will be made redundant, administrators confirmed on Monday after talks to save hundreds of…

The National (Scotland)

All 400 Wilko stores to close by early October, says union

It means redundancies now look likely for all 12,500 staff at the historic high street chain.

The Independent UK

Full list of Wilko stores as GMB union says all will close early next month

GMB Union has said all 408 UK Wilko stores will close by next month resulting in more than 12,500 job losses after a rescue bid from HMV's Doug…

The National (Scotland)

Thousands of jobs at risk after HMV owner’s Wilko rescue bid collapses

Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200 Wilko shops

The Independent UK

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Wilko rescue hopes fade as talks with HMV owner collapse

Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200 Wilko shops.

The Independent UK

All 400 Wilko shops to close with loss of more than 12,000 jobs

Talks with HMV owner Doug Putman to save about half of retailer’s stores fail

The Guardian - UK

Wilko administrators reveal locations of 52 stores to close next week

PwC warns of more job losses if last-ditch talks to save stricken retailer fall through

The Guardian - UK

Employees at TWO Scottish stores will see job losses as early as next week

ADMINISTRATORS for Wilko have revealed the locations of 52 stores which will close as early as next week resulting in more than 1000 job losses.

The National (Scotland)

Wilko reveals locations of London branches set to close next week

Administrators from PwC are still in talks with parties interested in buying the remaining parts of the business.

Evening Standard

Controversial new Tasmanian AFL stadium could add $226m a year to economy, report finds

But a parliamentary committee says there has been no evidence to bolster the key assumptions underpinning the business case

The Guardian - AU

More than 1,300 jobs to go as 52 Wilko stores shut down

Doomed branches to be named tomorrow as administrators try to save majority of jobs and shops

The Guardian - UK

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The Guardian - UK

Wilko: B&M strikes deal to buy 51 stores for up to £13m

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer’s outlets

The Guardian - UK

Wilko: rescue deal to save many stores at risk over supplier debts

Big suppliers want debts paid upfront in order to guarantee supplying shops

The Guardian - UK

Meet Hilco, the firm behind the scenes at Wilko failure and other high street collapses

Restructuring specialist made its name through dealings with some of best-known British retailers

The Guardian - AU

Consultancy firm used ‘power maps’ of Australian officials to help win government contracts

Accenture’s Peter Burns tells Senate the documents identifying key decision-makers and influence leaders have been used to tender for work

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The Week

Is Pizza Hut stuffed?

Pizza Hut UK is fighting to avoid the fate that has befallen many once-beloved high street chains as it grapples with mounting debts brought on by soaring food inflation and the cost-of-living crisis.

Evening Standard

Wilko job cuts to begin on Monday with support staff to be laid off after full rescue deal fails

Monday will be the last day of work for Wilko’s commercial trading team, IT, finance, Legal and HR. For those at distribution centres, redundancies will start next week

The Guardian - UK

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

Evening Standard

Wilko job cuts ‘suspended’ after union calls for urgent government talks

A spokesperson for the union said it was not yet clear how long the suspension might last

The Guardian - UK

Wilko: union seeks urgent meeting with business secretary over administrators

GMB asks Kemi Badenoch to ensure PwC considers all bids for collapsed retailer as 12,500 jobs are at stake

Tom’s Guide

5 astonishing uses of AI happening right now

From making medical discoveries to changing the way we play games, generative AI is recreating our world

The Guardian - UK

Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

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