Wilko stores throughout the Northeast could be threatened with closure
Popular brand Wilko announced earlier this week that it had filed a letter of intent to appoint administrators, which could put thousands of jobs at risk.
The retailer sells everything from patio furniture to housewares to pet food and operates fourteen locations across the Northeast.
Continue reading: Wilko calls the administration and endangers 12,000 jobs
Now all 400 UK stores and the people who work in them could be at risk as bosses scramble to secure a deal.
Here is a list of all of the Wilko sites in the Northeast that may now be under threat:
Wilko Darlington, East Street
Wilko Thornaby, Vale House Pavillion Shopping Centre
Wilko Northallerton, 166 High Street
Wilko Middlesbrough, 17 Captain Cook Square
Wilko Redcar, 81 High Street
Wilko Newton Aycliffe, Aycliffe Shopping Centre
Wilko Bishop Auckland, Newgate Shopping Square
Wilko Hartlepool, Middleton Grange Shopping Centre
Wilko Peterlee, Castle Dene Shopping Centre
Wilko Durham, Arnison Shopping Center
Wilko Chester-le-Street, Osborne Road
Wilko Washington, Washington Galleries
Wilko Sunderland, Fawcett Street
Wilko Newcastle Upon Tyne, Nun Street
Following the news, Wilko Chief Executive Mark Jackson said: “While we can confirm that we have had significant interest, including indicative offers, which we believe would meet all of our financial criteria to recapitalize the company, we do currently not.” Given the increasing liquidity pressures we are facing, we do not currently have an offering that will provide the required liquidity in the time available to us.
“Unfortunately, against this background, we have to make the difficult decision today to submit a letter of intent.
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“We will continue to advance discussions with interested parties with the goal of completing a transaction that preserves business and encourage the interested parties with whom we are in discussions to move forward as quickly as possible.
“We remain confident that our robust turnaround plan with ongoing cost savings as we re-stabilize will result in a profitable Wilko and maximize the significant opportunities we know exist.”
Established in 1930 from a single hardware store, Wilko received a £40million lifeline from Hilco UK, the owner of Homebase, this year.
https://www.thenorthernecho.co.uk/news/23704497.wilko-stores-across-north-east-face-closure/?ref=rss Wilko stores throughout the Northeast could be threatened with closure