South London

The popular south east London Wilko stores set to close THIS WEEK

Jessica — September 19, 2023 comments off

Wilko in Penge set to close this week (Image: PA)

It has been announced that even more south east London Wilko stores are set to close this week.

The store in Penge will be shutting down this Thursday (September 21) as the company goes into administration.

Early next week on Monday, September 25, the Dartford and Thamesmead branches of Wilko will also close down for good.

Next Wednesday (September 27), Wilko branches in Lewisham and Greenwich will follow suit and also shut their doors for the last time.

Other south London branches of Wilko have already closed:

Putney (Tuesday, September 12)

Orpington (Sunday, September 17)

Wimbledon (Sunday, September 17)

PwC, which was appointed to oversee the insolvency last month, said it remains in talks with parties interested in buying the remaining parts of the business.

Rival retailer B&M has also bought up to 51 other Wilko stores in a deal worth up to £13 million.

Administrators added that “it is possible that further store closures may regrettably be necessary”, depending on talks with remaining suitors.

It is understood that HMV owner Doug Putman is still in discussions with PwC over a possible deal to save a significant number of stores.

The raft of closures next week will lead to 1,016 redundancies, while the company has also announced hundreds of further job losses affecting warehouse and service centre staff.

Edward Williams, joint administrator, said: “In the absence of viable offers for the whole business, very sadly store closures and redundancies of team members from those stores are now necessary.

“The loss of these stores will be felt not only by the team members who served them with such dedication, including through the uncertainty of recent weeks, but also the communities which they have been a part of.”

https://uk.news.yahoo.com/popular-south-east-london-wilko-160000614.html