Proactive Investors - Retailers including B&M European Value Retail SA (LON:BMEB) and Poundland are eyeing possible bids for the stricken discounter Wilko, according to The Sun's business editor, Ashley Armstrong.
Wilko collapsed last week and administrators at PwC have given suitors until the end of tomorrow to make rescue offers for the budget chain.
The rival discounters B&M European Value Retail, Poundland, The Range and Home Bargains have expressed interest in parts of the business, The Sun reported.
EXCL: B&M Bargains, The Range, Poundland and Home Bargains all on the list of interested parties to make early expressions of interest in #wilko ahead of Wednesday deadline.Some want as many as 300 stores, other just 50. One bidder wants to keep brand. https://t.co/jjOM1Et84m
— Ashley Armstrong (@AArmstrong_says) August 14, 2023
Wilko employs more than 12,000 people and has about 400 shops, raising the prospect of significant redundancies as a result of the family-owned chain’s insolvency.