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  • Wilko buyer needs to pump in £70m as rescue talks continue

    via retailgazette.co.uk
    Wilko buyer needs to pump in £70m as rescue talks continue
    Potential buyers of stricken retailer Wilko will have to invest up to £70m to rescue the retailer.
    PwC, the discount chain’s advisors, is in talks with a rival discount retailer and two private equity firms as it seeks to find a buyer so Wilko can avoid collapse, The Sunday Times reported.
    Mike Ashley’s Frasers Group and Hilco – a lender to Wilko – are not in talks to buy the firm. 
    The £70m needed to be invested raises questions whether it will be possib
    Read more

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