The deal emerged as union leaders called for Wilko's 12,500 employees to be prioritised, after an earlier offer from Doug Putman was rejected because its debt holders could recoup more from a breakup of the business.
Putman, who rescued HMV from administration in 2019 and returned it to profit, submitted an improved offer yesterday. Under his plan the stores would continue to operate under the Wilco brand.
Sources said Putman had been in talks with Wilko's administrators, PricewaterhouseCoopers (PwC), for weeks but his previous offers could not match the cash raised from liquidating the chain's assets, including its leaseholds and stock. Wilko's biggest creditor is the restructuring specialist Hilco, which loaned the company £40m shortly before it went bust.
Bu hikaye The Guardian dergisinin August 26, 2023 sayısından alınmıştır.
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Bu hikaye The Guardian dergisinin August 26, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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