The Latest Breaking News from Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

The GMB Union has revealed the majority of Wilko stores will close "within weeks" - see the 408 sites currently in the UK that could be…

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Administrators try to secure rescue deal for retailer, with talks expected to go on well into next week

Collapsed budget retailer’s 12,500 workers wait to hear whether buyer has emerged

Rivals B&M and Poundland, as well as Laura Ashley owner Gordon Brothers are among those said to be interested in saving at least some Wilko stores

Administrator PwC understood to have brought deadline forward as retailer risks running out of money

The historic high street chain fell into administration last week, putting the future of its 400 stores and 12,500 workers in jeopardy.

PwC says it will restart helpline and chat system ‘soon’ as it tries to find buyer for all or part of business