Wilko is working with advisors at PwC to explore its options going forward. Reports are that a CVA has not been ruled out by the business which secured £40m in funding from Hilco in January having incurred losses.
Wilko CEO Mark Jackson commented that the business was in the early stages of its turnaround and that its directors were continuing to explore all options to secure its future for the long term.
Market commentators have been quick to comment that its store landlords may not be that easy to win over to support any CVA process or downward negotiations on rent.
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