Wilko: 'Hope' for future of retailer after 'expressions of interest' in parts of business

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Interested bidders had until Wednesday to come forward.

There are"genuine grounds for hope" for the future of high street retailer Wilko, according to the GMB union, after the company entered administration, endangering 12,500 jobs.

The union met with administrators PwC as part of the formal consultation process and confirmed there had been"expressions of interest" from prospective buyers. Those potential purchasers are considering taking over"at least some parts" of the discount homewares and household goods business, the GMB national secretary, Andy Prendergast, said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines