WILKO is in talks with the firm behind Laura Ashley to rescue the brand as it teeters on the brink of collapse. Gordon Brothers, which specialises in restructuring retail businesses, is in talks to…
However, there's no guarantee that the talks between Gordon Brothers and Wilko will result in a deal.The retailer is being advised by PwC, and property agents CBRE have been brought on board to negotiate with landlords.
If Wilko does file for administration, all control of the business is passed to an appointed administrator.All sites will continue to operate as normal for now, and even if administrators are brought in, the stores could still keep going if the company is bought by someone else.
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