Administrators have sought offers from interested firms in an effort to save jobs and stores.
It comes after Doug Putman, who bought music retailer HMV in 2019, was believed to be making an offer. Wilko tumbled into administration two weeks ago, putting the future of its 400 shops in doubt.
A second last-minute bid worth £90 million has been made by restructuring specialist M2 Capita, the Guardian reported, which could keep the entire Wilko chain trading. The GMB union, which represents more than 3,000 of Wilko’s 12,500 staff, said it had been told the high street chain plans to close stores next week and will announce a raft of redundancies.A spokesperson said: “Since our appointment as administrators of Wilko, we have worked relentlessly to secure a sale of the business, and talks are continuing with a number of parties.
“It would be inappropriate to comment on individual bidders or interested parties at this stage in the process.”
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