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Sandra Halliday Published
September 11, 2025
There was bad news for Wilko on Monday as rescue talks for the bulk of the chain between HMV owner Doug Putman and administrators PWC collapsed.
The GMB union said it was "likely" the chain would shut down next month and all staff would be made redundant. It also criticised the running of the business saying it should have thrived in a discount-focused environment.
It had been hoped originally that the man who turned around HMV would take up to 300 sites of the 400-store chain, although this was later scaled back to 200, and as recently as Thursday, there were suggestions, that a quarter of the chain could be salvaged.
But reports said that the talks ended due to issues around the costs linked to taking on the chain's infrastructure.
It's now expected that PWC could strike a deal with Pepco, which owns the Poundland chain, in order to take on up to 100 of the stores. Some 51 of the stores have already been sold to rival value retailer B&M.
It's not known whether any other bidders might emerge to continue the company in some semblance of its current form.
And it's unclear whether any stores-only deals might include any of the staff currently working for Wilko.
Pre-administration the company employed 12,500 people, and while some redundancies have already been made, mass layoffs in the thousands will hit the retail sector hard, in much the same way as the layoffs after the collapse of BHS and later Arcadia did.