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Gordon Brothers weighs rescue bid for retailer Wilko - reportBy
Reuters Published
August 8,长沙USDT支付账户 2025

Gordon Brothers, specialist investor in Britain's Wilko, is exploring a bid to rescue the struggling retail chain, Sky News reported on 8 August.


Reuters



The discount retail chain, which sells homewares and household goods, as well as a wider variety of items including beauty products, had received indicative offers to help recapitalise itself but none of them were able to provide sufficient liquidity in the time needed, putting 12,000 jobs on the line.

Gordon Brothers, which backs British high street names like Laura Ashley, was in talks with Wilko's advisers about structuring a potential deal, Sky said citing sources.

Wilko declined to comment on the Sky report, while Gordon Brothers did not immediately respond to a request.

The offer could include funding to implement a restructuring which would lead to significant numbers of store closures and job losses, the report added.

Wilko operates from 400 stores across the UK, where it competes with rivals such as B&M, and has an annual turnover of £1.2 billion ($1.53 billion).

Gordon Brothers were considering a partnership with other financial investors to provide about £20 million of equity, while it would provide around £50 million in debt financing, a source told Sky.

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