Vilko may disappear from the high street if potential suitors want to siphon off his stores
Vilko clashed with administration final week, threatening 400 stores and 12,000 jobs
Wilko may disappear from the High Street as potential suitors look to his stores for his or her producers after the collapse.
The low cost household grocery chain collapsed in the ultimate week of the administration, placing 400 stores and 12,000 jobs in danger.
PwC administrators have now set a deadline for bidders to submit their bids to save the stricken firm.
But it’s unclear whether or not the Wilko mannequin will survive. Potential prospects embody rivals B&M European Value Retail, Poundland, The Range and Home Bargains.
These producers are believed to be in talks to choose all or one in every of the stores to add to their holdings.
Hargreaves Lansdown’s Susannah Streeter stated the risk of a full takeover had been “underestimated” given Wolf’s disadvantageous location on the busy High Street.
