Wilko update - Pepco Group reach agreement with administrators to acquire up to 71 stores

The Joint Administrators can announce that they have entered into an agreement to provide Pepco Group with the option to acquire up to 71 sites to be opened as Poundland stores, after the administration trading period concludes at those sites.

Edward Williams, joint administrator, says:

“Alongside the previously announced agreement with B&M, we’re confident this sale will create a platform for future employment opportunities for people including current wilko team members at up to 122 locations. We will continue to engage with other retailers around any interest in other wilko sites and are confident of completing a sale of the brand and intellectual property within the coming days.” 

ENDS

Notes to editors

The 71 stores included in the agreement with Pepco and 51 stores included in the agreement with B&M currently employ more than 3,200 wilko team members in total. 

List of 71 stores per agreement reached with Pepco;

Aberdare, Alfreton, Alnwick, Altrincham, Ammanford, Ashby, Barking, Bedminster, Beeston, Bicester, Bishop Stortford, Bletchley, Bolton, Brentwood, Brigg, Cambridge, Chepstow, Coalville, Cramlington, Droitwich, Eccles, Edmonton Green, Ellesmere Port, Ferndown, Gateshead, Grays, Greenock, Grimsby, Havant, Hayes, Headingley, Hessle Road - Hull, Hillsborough, Hitchin, Jarrow, Killingworth, Kimberley, Lee Circle, Leek, Leigh, Lichfield, Maidenhead, Matlock, Melton Mowbray, Nelson, Northallerton, Orton, Pembroke Dock, Peterlee, Pontefract, Pontypool, Redhill, Redruth, Ripley, Rugeley, Sale, Seaham, Selly Oak, Shrewsbury Darwin Centre, South Shields, Southport, Stafford, Stamford, Stockport, Thornaby, Wellington, Wembley, West Ealing, Wombwell, Worcester, Worksop. 

The sites included in the B&M agreement remain subject to a confidentiality agreement.