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B&M to buy up to 51 Wilko stores

B&M has announced that it has agreed to buy up to 51 Wilko stores from administrators, PwC, in a deal worth £13m.

In an update to investors, B&M European Value Retail, said: “The consideration is fully funded from existing cash reserves and the acquisition is not expected to be conditional on any regulatory clearances.”

The retailer said that an update on the timing of these new store openings will be provided in its first half interim results announcement on 9 November 2023.

Meanwhile, PwC is continuing negotiations with Doug Putman, the owner of HMV.

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