B&M buys up to 51 stores from collapsed rival Wilko
Dozens of shops from the collapsed retailer Wilko are to be bought by discount chain B&M.
Talks over a bigger rescue deal remain in the balance.
B&M will take on up to 51 of Wilko’s 400 stores in a deal worth £13m.
Wilko fell into administration in August as it struggled with sharp losses and a cash shortage.
Wilkos became one of Britain’s fastest-growing retailers but has faced strong competition – especially from the likes of Poundland and Home Bargains. With the rising cost of living, many shoppers are seeking more discounts.
Wilko’s stores will remain open for now as it seeks a buyer for a bigger chunk of the estate.
B&M has not yet confirmed which Wilko shops it has bought or how many jobs might be saved as a result of the deal.
