{"id":109782,"title":"B&M agrees to buy up to 51 Wilko stores for £13m","publisher":"Share Talk","author":"sharetalk","published":"2023-09-05T09:19:34+00:00","modified":"2023-09-05T09:30:37+00:00","canonical_url":"https://www.share-talk.com/bm-agrees-to-buy-up-to-51-wilko-stores-for-13m/","markdown_url":"https://www.share-talk.com/bm-agrees-to-buy-up-to-51-wilko-stores-for-13m.md","json_url":"https://www.share-talk.com/bm-agrees-to-buy-up-to-51-wilko-stores-for-13m.json","category":"B2B","categories":["B2B","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Administration","B&M","Home Bargains","James Kemsey Wilkinson","Leicester","Mark Jackson","Poundland","The Range","Unilever","Wilko"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"Discount store B&M has confirmed the purchase of a selection of Wilko branches as the high street giant undergoes restructuring.\n\nB&M European Value Retail will acquire as many as 51 Wilko locations from the administrators at a cost of £13m, according to the announcement from the discount chain.\n\nB&M informed its shareholders, “The purchase is entirely financed from current cash holdings, and no regulatory approvals are anticipated to impact the acquisition.”\n\nhttps://twitter.com/Share_Talk/status/1698989590609039750?s=20\n\nThe company will share details about the launch dates of the new outlets in conjunction with its semi-annual financial statements on November 9.\n\nMeanwhile, PwC administrators are still in discussions with a group spearheaded by HMV proprietor, Doug Butler, about acquiring a significant portion of the defunct chain’s branches."}