Page 2 - Administrators Pwc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Budget rival The Range has reportedly agreed to buy the Wilko brand name.

All 400 stores across the UK will now close by early October after a meeting with administrators PwC.

All 400 stores across the UK will now close by early October after a meeting with administrators PwC.

Has 400 stores around the uk. many of them are in expensive high street locations in town centres, while shoppers increasingly switch to retail parks. it also faced more competition from rivals such as b&m, poundland and home bargains. all of that resulting in sharp losses for wilko. the administrators pwc set a deadline of last friday for potential buyers to come forward. they are now saying no—one wants to buy the whole business — but it could be broken up as conversations continue with those interested in buying parts of it. for now, they say all stores remain open and continue to trade...

Wilko fell into the hands of administrators today in a sad day for the high street - but what does its collapse mean for shoppers and why did the much-loved retailer fail?