Wilko rescue bid collapses placing jobs at risk

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Added 8 months ago by VideoK

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A bid to buy the entire Wilko business has fallen through, Sky News understands.

Private equity firm M2 Capital had hoped to purchase the discount homeware chain and its 400 stores, but the deal is off following talks with administrators PwC.

Job losses are now expected among Wilko's head office, distribution and support centre staff.

#wilko #ukeconomy #joblosses

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