The owner of HMV is said to be moving closer to putting forward a deal in the battle to save Nottinghamshire retailer wilko.
The firm’s administrators, PwC, have started consulting creditors on the terms of a deal which would see Doug Putman save roughly 8,500 jobs, according to Sky News.
Putman is reportedly intending to acquire over 300 of wilko’s 400 shops. It would however still leave thousands of staff without jobs.
A creditor quoted by Sky News said: “It’s still in the balance but it is beginning to look more positive that a deal can get done.”
The potential deal comes after M2 Capital’s bid for the company fell through and follows PwC confirming a raft of redundancies.
