Retailer understood to be seeking £30m emergency funding amid falling sales

The owners of Wilko took £3m in dividends this past year despite the cut price chain falling almost £37m into the red before seeking emergency funding.

The homewares-to-cosmetics retailer, whose managing director Alison Hands is to exit in January, about 18 months after taking the job, is understood to be looking to secure a £30m debt facility with alternative lenders.

Retailer understood to be seeking £30m emergency funding amid falling salesThe owners of Wilko took £3m in dividends this past year despite the cut price chain falling almost £37m into the red before seeking emergency funding.The homewares-to-cosmetics retailer, whose managing director Alison Hands is to exit in January, about 18 months after taking the job, is understood to be looking to secure a £30m debt facility with alternative lenders. Continue reading…