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<\/p>\nTHE Wilko name could live on despite the collapse of a a deal to save hundreds of stores earlier today.<\/p>\n
The Sun exclusively revealed that talks between the retailer's administrators andHMV owner Doug Putman have failed.<\/p>\n
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It brought to an end hopes that 200 stores would be saved and continue trading on the high street under the Wilko name.<\/p>\n
All 400 Wilko stores are now set to disappear from the high street for good by the beginning of October.<\/p>\n
This means that redundancy is now likely for all 12,500 Wilko workers.<\/p>\n
But the Wilko name could still live on as a major rival is in talks to buy the brand.<\/p>\n
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The Range is interested in taking on the Wilko name, but a deal would not include any shop locations, it's understood.<\/p>\n
Meanwhile, another discounter could save dozens of stores from closing.<\/p>\n
Poundland is thrashing out a deal to take on around 70 locations, sources say, with details still being finalised.<\/p>\n
But a deal for any stores would likely see them become Poundlands.<\/p>\n
<\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n <\/span><\/p>\n B&M last week agreed a similar deal to acquire up to 51 stores, but that will not include staff and the locations will be rebranded as B&M.<\/p>\n An agreement between Wilko administrators PwC and The Range could involve acquiring just the intellectual property rather than any bricks and mortar business.<\/p>\n A similar deal was reached when Tesco bought the Paperchase brand after it collapsed into administration in January.<\/p>\n All Paperchase's 106 stores closed for good earlier this year.<\/p>\n But the brand lives on at the supermarket giant which now sells Paperchase branded items in its stores like notebooks and accessories.<\/p>\n The Range is owned by Plymouth-based tycoon Chris Dawson and typically operates from out-of-town retail parks.\u00a0<\/p>\n It currently has more than 200 stores across the country and stocks thousands of products including homeware and DIY essentials.<\/p>\n The Sun has contacted Poundland and The Range for comment.<\/p>\n It comes after a last-ditch attempt by the owner of HMV to strike a rescue deal for Wilko failed, intensifying fears over the future of thousands of jobs.<\/p>\n Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200\u00a0Wilko\u00a0shops.<\/p>\n But today, Mr Putman revealed he was"no longer continue in the purchase process for\u00a0Wilko".<\/p>\n Wilko employed around 12,500 staff and administrators have already announced more than 1,600 redundancies in recent weeks.<\/p>\n This week the retailer will shut 52 shops that had no interest from potential buyers in a move which will lead to 1,016 redundancies.<\/p>\n It said 24 of its shops will close on Tuesday, September 12, with a further 28 shops due to shut on Thursday, September 14.<\/p>\n PwC has also announced hundreds of redundancies affecting workers at the firm\u2019s warehouses in Worksop and Newport, as well as cuts at its support centre.<\/p>\n The 90-year-old retail chain tumbled into administration early last month after it came under pressure from weak consumer spending and debts to suppliers.<\/p>\n Chief executive officer, Mark Jackson,\u00a0said that the company had "left no stone unturned"\u00a0in a bid to save the chain.<\/p>\n<\/picture>SHUTTING SHOP <\/span><\/p>\nAll 400 Wilko stores to close by October after final rescue bid fails<\/h3>\n
![](\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2023\/08\/NINTCHDBPICT000837179715-1.jpg\")
<\/picture>WILKO WOE <\/span><\/p>\nALL Wilko stores to close and disappear from high street for good within weeks<\/h3>\n
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