The future of Wilko looks hopeful after _expressions of interest_ in parts of the business.

The future of Wilko looks hopeful after ‘expressions of interest’ in parts of the business.

As per the GMB union, the future of Wilko is quite hopeful after 12,500 jobs across the UK were at risk of being lost after it entered administration.

The retailer had met with the union, sought Price Waterhouse Cooper, and confirmed that some of the prospective buyers had expressed their interest in the company.

These potential buyers had expressed their desire to take over “at least some parts” of the discount homewares and household goods business.

The GMB national secretary, Andy Prendergast, stated: “These are still at an early stage, but means there are genuine grounds for hope.”

After the company collapsed into insolvency last week, a deadline of Wednesday was set for this week to put forward the offer for the company.

The retailer has a strength of 12,500 staff who have been retained and are being paid as the 400 shops are trading as normal.

GMB has confirmed that the process will continue as the consultation process continues.

- Published By Team Timeswire

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