Pepco Group has agreed a deal with the joint administrators of Wilko to acquire up to 71 sites to be opened as Poundland stores after the administration trading period concludes at those sites.
The 71 stores included in the agreement with Pepco (see list below) and the 51 stores included in the agreement joint administrators from PwC reached with B&M last week, currently employ more than 3,200 people and it is hoped some of these people will find employment with the new owners of the stores.
Edward Williams, joint administrator at PwC, said: “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.”
This week, the joint administrators commenced closing 52 stores across the UK after talks with potential buyers, including HMV owner Doug Putman, failed to deliver a rescue deal.
Pepco has agreed to acquire the following stores:
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.
