A change in ownership may be on the horizon for Wilko, as the family behind the Nottinghamshire retailer looks to secure its future.
According to reports from Sky News, advisers to Wilko have started exploring potential buyers of the business over the past few days.
A deal would see the Wilkinson family give up majority control.
Large general merchandise chains are said to have been approached about recapitalising the business.
It follows discussions with financial investors regarding raising new equity to finance the firm through a restructuring process.
Wilko had recently been looking to finalise a company voluntary arrangement to facilitate rent cuts at hundreds of shops.
Wilko is the UK’s 23rd biggest retailer, employing 16,000 team members. It operates 400 stores across the UK.
