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B&M has agreed to buy 51 stores from the collapsed discounter Wilko, as talks with the billionaire owner of HMV for a larger rescue deal hit a snag.

DISCOUNT retailer B&M has sealed a deal to buy up to 51 Wilko stores from administrators following the collapse of the rival discount chain.

It also faced more competition from rivals like b&m, poundland and home bargains. all of that — resulting in sharp losses for wilko. the administrators 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, and that staff would continue to be paid. they also said there were currently no plans to close any stores nex week. but this further adds to uncertaint...

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...

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