The administrators of Wilko have set a deadline to potential buyers of the high-street mainstay after it fell into insolvency last week.
According to Sky News, PricewaterhouseCoopers (PwC) have set a deadline of Wednesday for interested parties to table bids for the company which operates around 400 stores and employs more than 12,000 people.
The report notes that investment firms including Gordon Brothers, Alteri Investors and Opcapita are mulling an offer, with PwC previously spending months with Wilko to find a buyer.
A separate report from the Times said that an interested buyer would need to inject around £70 million as part of any rescue deal.
Over the weekend, the company started advertising major discounts in-store as part of an administration sale. The company said that thousands of items would be reduced in price.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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