Wilko redundancies to go ahead as rescue bid collapses

Exterior of Wilko store with person walking past

Wilko redundancies will go ahead as a last-minute rescue bid from a private equity firm has fallen through.

M2 Capital put in a bid to buy the entire Wilko business on Friday but this has fallen through following talks with administrator PwC.

PwC said in a statement: “While discussions continue with those interested in buying parts of the business, it is now clear that no viable offer structure put forward includes the group in its entirety.”

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