The process provided the group with 10 working days to find a buyer for all or part of the business as it seeks to avoid going bust.
The company is looking for a potential buyer and is understood to have held talks with interested parties. Gordon Brothers, which owns the Laura Ashley brand, is reported to be among those to have held discussions over a possible to deal to secure Wilko’s future. Earlier this year, the retailer – which has around 400 shops and 12,000 employees – hired advisers from PwC in a bid to find a buyer to secure fresh funding to keep the firm trading.
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