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The Latest Breaking News from Doug Putman

Wilko’s former chair tells MPs she was devastated by collapse of retailer

Lisa Wilkinson says her family’s multimillion-pound fortune was not enough to save the chain

The Guardian - UK

Wilko rescue failed because ‘everyone got a little bit greedy’, says HMV owner

Retailer’s suppliers did not think of 12,000-plus jobs that could have been saved, claims Doug Putman

The Guardian - UK

HMV reopens on London’s Oxford Street after four-year absence

Retailer returns to site of its first store and lauds revival in sales of physical music formats such as CDs

The Guardian - UK

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HMV promises to reach for stars as curtain goes up on reopened Oxford Street flagship store

HMV shut the store in 2019 after the retail chain tumbled into administration and was forced to axe stores and jobs

Evening Standard

HMV returns to historic Oxford Street shop

HMV shut the store in 2019 after the retail chain tumbled into administration and was forced to axe stores and jobs.

The Independent UK

Why Sunrise Records Is Still Spinning

It survived Napster, iTunes, and streaming. Now the chain is expanding its horizons overseas

The Walrus

Which shops are coming back? Paperchase in Tesco and HMV reopens in Oxford Street

After a four-year hiatus, HMV will reopen its former flagship location on London's Oxford Street

Evening Standard

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Wilko: what insolvency really means for the budget retailer and why its competitors are surviving (for now)

All 400 of Wilko’s shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailer’s administrator PwC announced the news after it struggled to secure a rescue deal for Wilko to continue operating.

The Conversation

All Wilko shops to close with 9,100 job losses

PwC said that it had tried but failed to find someone to save part of the business

Evening Standard

Full list of Wilko stores as GMB union says all will close early next month

GMB Union has said all 408 UK Wilko stores will close by next month resulting in more than 12,500 job losses after a rescue bid from HMV's Doug…

The National (Scotland)

Thousands of jobs at risk after HMV owner’s Wilko rescue bid collapses

Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200 Wilko shops

The Independent UK

Wilko rescue hopes fade as talks with HMV owner collapse

Administrators for the high street chain had been in discussions with Doug Putman over a deal to buy around 200 Wilko shops.

The Independent UK

All 400 Wilko shops to close with loss of more than 12,000 jobs

Talks with HMV owner Doug Putman to save about half of retailer’s stores fail

The Guardian - UK

Jeremy Hunt says he mustn’t pump extra money into people’s pockets; BoE’s Mann says better to over-tighten interest rates – as it happened

Chancellor says focus is to fight inflation, while Bank of England policymaker argues for higher interest rates

The Guardian - UK

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The Guardian - UK

Wilko: B&M strikes deal to buy 51 stores for up to £13m

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer’s outlets

The Guardian - UK

Wilko: rescue deal to save many stores at risk over supplier debts

Big suppliers want debts paid upfront in order to guarantee supplying shops

The Guardian - UK

Wilko job cuts to begin next week after £90m bid falls through

About a third of 1,400 staff at stricken retailer’s head office and warehouses expected to be made redundant

The Guardian - UK

Wilko closures and job losses on hold as administrator considers rescue bids

Restructuring specialist M2 makes potential offer alongside HMV owner Doug Putman

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Evening Standard

Second last-minute bid launched to save Wilko, reports say

Rescue bid could keep entire Wilko chain trading after it collapsing into administration

The Guardian - UK

Wilko administrators urged to accept rescue deal after second bid

Last-minute white knight bid worth £90m from M2 Capital follows earlier offer from owner of HMV

The Guardian - UK

Experts sceptical Wilko deal will emerge with creditors in driving seat

Administrators put creditors’ interests over those of employees – and for creditors, liquidation may be the best option

The Guardian - UK

HMV owner makes last-ditch bid to rescue Wilko

Proposal by Doug Putman could save 350 stores and 10,000 jobs as union calls for employees to be prioritised

Dublin Live

HMV to open first new Dublin shop in almost a decade this summer

The new store will be located on Henry Street.

AFP

HMV returning to site of flagship London music store

London (AFP) - British music retailer HMV said Friday it will return to the site of its once-flagship store on London's Oxford Street after a turnaround in fortunes for the emblematic company.

The Guardian - UK

HMV to return to flagship Oxford Street store after four-year absence

First HMV shop was opened in 1921 by British composer Sir Edward Elgar and closed in 2019

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