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<\/a><\/p>![\"Wilko](\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/10\/Wilko--696x464.jpg\" "\\"Wilko")
\/\/<\/span> Wilko has hired CBRE to help negotiate lower rents<\/h6>\n\/\/ <\/span>PWC is understood to be lined up to manage the retailer\u2019s CVA<\/h6>\nWilko has hired property agent CBRE as it starts negotiations with landlords about cutting rents across its stores.<\/p>\n
The retailer is understood to be mulling a CVA, with PWC lined up to manage the process, as it looks to slash costs with formal talks set to kick off in the coming weeks.<\/p>\n
Although Wilko is hoping to reduce rents, it is unlikely to close a significant number of stores, according to Sky News.\u00a0<\/p>\n
The retailer is amid a turnaround under chief executive Mark Jackson, who joined the retailer in late December.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest Wilko news straight into your inbox each morning<\/span><\/p>\nEarly in January, the value retailer secured \u00a340m in emergency funding from Hilco UK.<\/p>\n
Jackson told Sky: \u201cWe\u2019re in the early stages of the turnaround and, as is usual, the directors continue to explore all options for Wilko\u2019s long-term future.<\/span><\/p>\n\u201cWe\u2019re confident with the right actions, we\u2019ll continue to be a key feature on the British high street and expand our omnichannel offer, providing customers a place to shop all their household and garden needs.\u201d<\/span><\/p>\nClick here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n
Wilko has hired property agent CBRE as it starts negotiations with landlords about cutting rents across its stores.<\/p>\n
The retailer is understood to be mulling a CVA, with PWC lined up to manage the process, as it looks to slash costs with formal talks set to kick off in the coming weeks.<\/p>\n
Although Wilko is hoping to reduce rents, it is unlikely to close a significant number of stores, according to Sky News.\u00a0<\/p>\n
The retailer is amid a turnaround under chief executive Mark Jackson, who joined the retailer in late December.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest Wilko news straight into your inbox each morning<\/span><\/p>\nEarly in January, the value retailer secured \u00a340m in emergency funding from Hilco UK.<\/p>\n
Jackson told Sky: \u201cWe\u2019re in the early stages of the turnaround and, as is usual, the directors continue to explore all options for Wilko\u2019s long-term future.<\/span><\/p>\n\u201cWe\u2019re confident with the right actions, we\u2019ll continue to be a key feature on the British high street and expand our omnichannel offer, providing customers a place to shop all their household and garden needs.\u201d<\/span><\/p>\nClick here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n
Early in January, the value retailer secured \u00a340m in emergency funding from Hilco UK.<\/p>\n
Jackson told Sky: \u201cWe\u2019re in the early stages of the turnaround and, as is usual, the directors continue to explore all options for Wilko\u2019s long-term future.<\/span><\/p>\n \u201cWe\u2019re confident with the right actions, we\u2019ll continue to be a key feature on the British high street and expand our omnichannel offer, providing customers a place to shop all their household and garden needs.\u201d<\/span><\/p>\n Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n