The Range buys Wilko's brand
Hundreds of jobs at Wilko's Nottinghamshire support centre are still in doubt
Administrators of struggling retail chain Wilko have agreed a deal with rival's The Range to acquire the brand, website and intellectual property.
As part of the deal, overseen by PwC, 36 employees from Wilko's digital team will keep their jobs.
The deal, for an undisclosed sum,is reported to be worth £5 million.
Jane Steer, joint administrator, says: "the feedback from customers and wider stakeholders during this challenging period has reinforced the fact that Wilko remains a much loved and trusted brand within the UK.
This sale to The Range will ensure that the Wilko name lives on under their ownership and we wish The Range every success.”
Chris Dawson, founder and chairman of The Range said: “These are exciting times for The Range Group, I am delighted that Wilko will join our family of companies.
“We will drive it forward as fast as we can as we expand the entire business from our continuing store opening programme to our new 1.2 million square foot distribution centre that is being constructed in the South of England.”