{"id":10131,"date":"2023-08-15T01:32:35","date_gmt":"2023-08-15T01:32:35","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/poundland-and-bm-among-retailers-lining-up-to-bid\/"},"modified":"2023-08-15T01:32:35","modified_gmt":"2023-08-15T01:32:35","slug":"poundland-and-bm-among-retailers-lining-up-to-bid","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/poundland-and-bm-among-retailers-lining-up-to-bid\/","title":{"rendered":"Poundland and B&M among retailers lining up to bid"},"content":{"rendered":"

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\"Wilko\"<\/div>\n

Wilko rivals Poundland, B&M, The Range and Home Bargains are among the firms mulling snapping up the collapsed chain.<\/p>\n

The retailers have until Wednesday to lodge offers with administrator PwC.<\/p>\n

A shortlist will then be made with second round bids will then need to be submitted by Friday this week, according to The Sun.<\/p>\n

It is understood that some of the interested firms could bid for as many as 300 of Wilko\u2019s 400 stores. One would-be bidder would keep the Wilko brand, according to the newspaper.<\/p>\n

Private equity firms including Gordon Brothers, Alteri and OpCapita were understood to be interested in making an offer for the stricken firm.<\/span><\/p>\n

The value retailer plunged into administration last Thursday after attempts to secure a rescue deal failed.<\/span><\/p>\n\n

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Wilko had been struggling for some time as it fell behind competition from many of the retailers that are now lining up to buy the retailer.<\/span><\/p>\n

Since 2015, B&M, Home Bargains and The Range have all overtaken Wilko\u2019s non-food market share with the collapsed retailer the only chain not to gain share over this period, according to GlobalData.<\/span><\/p>\n

All Wilko stores have been trading since PwC were appointed last week with no redundancies made as of yet. <\/span><\/h6>\n
The retailer launched an adminstration sale <\/span>across its 400 stores yesterday offering discounts on thousands of items.<\/span><\/h6>\n

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