‘Wilko’s rescue deal fiasco is a distraction from the real problem’

Wilko Kingston

A new week brings fresh headlines about Wilko’s struggle to find a rescue deal that would save most of its 400 stores and keep its 12,500 staff employed but, as of the time of writing, the hunt for a buyer rumbles on.

Despite multiple retailers, business owners and private equity firms throwing their hats in the ring, a full rescue deal has yet to be achieved. British billionaire and founder of investment firm Flacks Group Michael Flacks was linked to financing a deal for private equity firm M2 Capital, but this was quickly and firmly shut down — he told The Sun: “I am not interested in Wilko, I believe it should have died years ago. It needs to die.”

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