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<\/p>\nWILKO is set to disappear from the high street for good within weeks after a deal to save the retailer collapsed.<\/p>\n
All of Wilko's 400 stores across the UK are set to close by early October, a source has told The Sun.<\/p>\n
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This means that redundancy is now likely for all 12,500 Wilko workers.<\/p>\n
The Sun exclusively revealed that talks between the retailer's\u00a0administrators PwC and HMV owner Doug Putman have failed.<\/p>\n
It's brought to an end hopes that 200 stores and thousands of jobs could be saved.<\/p>\n
It means Wilko shops will disappear from the high street forever, as a previous deal announced last week will see up to 51 branches become B&M branches.<\/p>\n
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But the name Wilko could still live on as rival discounter The Range\u00a0is in talks to take on the Wilko\u00a0brand.<\/p>\n
A deal would not include any shop locations, it's understood, but could see the Wilko name used online or for certain products, though details are still being finalised.<\/p>\n
Meanwhile, Poundland\u00a0is thrashing out a deal to take on around 70 locations, sources say, but they would not stay as Wilko stores.<\/p>\n
The first of 52 previously announced store closures will begin tomorrow with more to come on Thursday, with the loss of 1,332 jobs.<\/p>\n
<\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n Now a further 124 closures will take place on September 19 and 21, it has been confirmed, with locations to be announced tomorrow.<\/p>\n The GMB union, which first revealed the closures, said it was "incredibly sorry to have to share the devastating news" with its members.<\/p>\n Is said that warehouses in Worksop and Newport are now both due to close on Friday, September 15.<\/p>\n It added: \u201cAlthough separate bids may be made for leases of groups of sites, these deals will not secure jobs, although the option to take up new employment with the bidders for these sites is something we are now pushing for.<\/p>\n \u201cThis is not the news our members or the GMB had been hoping for or working towards.<\/p>\n \u201cWe share the sorrow and anger of every Wilko team member today.\u201d<\/p>\n It's not yet clear which Wilko locations are being bought by B&M in a deal worth \u00a313million.<\/p>\n The buyout does not include the staff currently working there.<\/p>\n The discount chain said more information on the new\u00a0store openings\u00a0will be issued alongside its half-year financial results on November 9.<\/p>\n The first wave of\u00a0job cuts took place early last week, with a total of 269 support centre team member\u00a0roles\u00a0being axed in its Worksop site.<\/p>\n A further 14 jobs at\u00a0Kin Limited, a subsidiary of Wilko, have also been cut after it too fell into administration.<\/p>\n Insiders previously expressed frustration that a rescue of Wilko had been\u00a0delayed by the eleventh-hour\u00a0intervention by M2 Capital, which has since been accused of time-wasting.<\/p>\n Administrators had\u00a0given the firm a strict deadline\u00a0to provide evidence that it has proof of funds to complete the full rescue of Wilko.<\/p>\n PwC then refused to grant M2 extra time\u00a0after grave doubts about its credibility.<\/p>\n It marked the second time a\u00a0deadline\u00a0for Wilko buyers had passed, three weeks after the\u00a0retailer went bust.<\/p>\n The\u00a0Sun previously reported\u00a0that several potential buyers had shown an interest in Wilko's business.<\/p>\n Wilko\u00a0collapsed into administration back in August\u00a0after failing to find new backing for the\u00a0business.<\/p>\n Shoppers took to\u00a0social media\u00a0to share their emotional tributes to Wilko when it first entered administration, with\u00a0many comparing it to the loss of Woolworths.<\/p>\n Others were also\u00a0looking forward to extra bargains\u00a0ahead of Wilko launching\u00a0an administration sale\u00a0which has seen discounts of up to 50% on a range of items.<\/p>\n Chief executive officer, Mark Jackson,\u00a0said that the company had "left no stone unturned"\u00a0in a bid to save the chain.<\/p>\n In an emotional open letter to all staff and heartbroken shoppers, Mr Jackson thanked them for their support.<\/p>\n Meanwhile, we have put together a\u00a0full list of Wilko sites which have been signposted for closure.<\/p>\n To keep up to date with the latest on Wilko\u00a0follow our live blog.<\/p>\n<\/picture>SHUTTING SHOP <\/span><\/p>\nAll 400 Wilko stores to close by October after final rescue bid fails<\/h3>\n
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![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/08\/fb6gxm-wilko-shop-sign-245841695.jpg\")
<\/picture>WILKO WOES <\/span><\/p>\nWilko hopes fade as last ditch deal to save 100s of stores from closure FAILS<\/h3>\n
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