Wilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
Wilko said the £40m, which is in addition to the £48m it raised at the end of last year from the sale and leaseback of its Worksop distribution centre, will “allow it to significantly increase financial flexibility as it accelerates plans for turnaround”.
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