![Pinterest](https://pinterest.com/pin/create/button/?url=https://uknews.evprotec.com/major-wilko-rivals-including-poundland-and-bm-in-talks-to-buy-stores-as-chain-says-shops-wont-close-next-week/&media=https://uknews.evprotec.com/wp-content/uploads/2023/08/general-view-wilko-store-queen-838019233.jpg&description=HOPE NOT LOST Major Wilko rivals including Poundland and B&M in talks to buy stores – as chain says shops WON'T close next week MAJOR Wilko rivals including Poundland and B&M are reportedly in talks to buy stores after the chain said stores will not close soon. The news comes after administrators at PwC, who now control Wilko, denied claims that stores could close as early as next week. 1 Major Wilko rivals are reportedly in talks to buy the chain Credit: Getty Wilko announced earlier this month that it was going into administration, putting 12,500 jobs and its 400 stores at risk. Now, PwC administrators are allegedly in advanced talks to sell parts of the chain, with Poundland's owner, Pepco Group, in discussions to take on around 100 stores, reports Sky News. B&M European Retail is also in negotiations to purchase between 40 and 50 shops, according to one insider. Sky have also reported that TOFS and other value retailers have also lodged offers to acquire a smaller number of sites. Even if agreements with Pepco, B&M and TOFS are finalised, it is likely to mean that more than 200 Wilko stores will face permanent closure. The potential buyouts could see over 6,000 jobs lost with retail sources claiming an announcement may be made by PwC tomorrow outlining sale agreements with some of the bidders. PwC today clarified that "contrary to speculation, there are currently no plans to close any stores next week." The company did go on to say that the situation means that it is "therefore likely" that redundancies and store closures will be made. It comes after GMB Union, which represents more than 3,000 of Wilko's nearly 12,500 employees, said that attempts to rescue the high-street retailer had fallen through. And they claimed that redundancies could come as early as next week. However, the Joint Administrators, Jane Steer, Zelf Hussain and Edward Williams of PwC, told The Sun: 'Since our appointment as administrators of Wilko we have held extensive discussions with part){kind=link}
MAJOR Wilko rivals including Poundland and B&M are reportedly in talks to buy stores after the chain said stores will not close soon.
The news comes after administrators at PwC, who now control Wilko, denied claims that stores could close as early as next week.
Wilko announced earlier this month that it was going into administration, putting 12,500 jobs and its 400 stores at risk.
Now, PwC administrators are said to be in advanced talks to sell parts of the chain, with Poundland’s owner, Pepco Group, in discussions to take on around 100 stores, reports Sky News.
B&M European Retail is also in negotiations to purchase between 40 and 50 shops, according to one insider.