Popular British bargain retailer B&M is set to buy up 51 Wilko stores around the UK after the business sadly went bust earlier this month.
400 Wilkos stores are soon to shut down after PwC were appointed as administrators on 10 August and now, in a late effort to snap up the locations for cheap, B&M has reportedly secured a £13 million deal to take over dozens of sites, as per The Manc.
Not unlike Wilkos, B&M is loved by shoppers not only for its affordable prices but for its wild range of items — where else can you buy wallpaper, pick-and-mix and a brand-new telly all in one visit?
While other brands like Poundland, Home Bargains, The Range and more are also looking to take over some of the other soon-to-be-vacant stores, B&M looks to be the first to have secured multiple units.
Credit: B&M/Greg Macvean
As a last-minute buyer could not be found, all of Wilko's 400 units will eventually be taken over by other outlets and with roughly 12,500 jobs on the line, employees are now desperately waiting to see if they will be thrown a lifeline.
The deal itself was made by Canadian entrepreneur Doug Putman, the man responsible for rescuing HMV and owner of Toys R Us back in his home country, who hopes to save 'the majority' of Wilko stores in the coming weeks.
However, the long-term takeover is facing the obstacle of numerous Wilko suppliers like Unilever and Procter & Gamble wanting their debts repaid before continuing to supply products.
Other suppliers have already cancelled shipments since the chain went into administration and aren't expected to resume for a number of weeks and with jobs already being cut at the company’s headquarters and warehouses this week, many people have already parted ways with Wilko.
All that being said, the company which has been going since 1930 raked in an estimated turnover of approximately £1.2bn a year and it's safe to those vying for the remaining stores will be plugging a significant and still highly profitable gap in the UK retail market.
As a fellow affordable retailer that sells everything from groceries to hardware, furniture, electronics and more, it feels fitting for B&Ms (Billington & Mayman) to take up so many Wilkos sites. The full list of locations is yet to be revealed and it remains to be seen what other brands will pop in their place too.
Rachel Woolford, the winner of the BBC’s ‘The Apprentice’, has revealed plans to launch her first joint business with Lord Sugar.
The exciting new business venture will see Leeds local Rachel expand her hugely successful fitness space, North Studio, to offer a dedicated Reformer Pilates studio - right next door.
Lord Sugar has partnered with Rachel to purchase the commercial premises which will be part of the expansion of the existing Leeds studio and will add to North Studio’s Pilates offering with an extra 120 classes a month.
Image: Supplied
Former business management student turned fitness entrepreneur Rachel beat pie shop owner, Phil Turner, in the recent final of the The Apprentice with both pitching to Lord Sugar to win £250,000 and go into business with him.
Speaking about the investment Lord Sugar said: "Our acquisition of the commercial premises marks not only a significant milestone for North Studio but also a bold step forward in our new business partnership.
"This project brings an expansion of the existing North Studio offering is a direct response to the growing demand in the fitness industry for Reformer Pilates”.
Image: Supplied
Speaking on the expansion Rachel said: “At North Studio, we're all about delivering the highest quality, small group personalised fitness experiences. With investment from Lord Sugar, we are now able to achieve the next stage in our planned growth with the addition of a fantastic new space dedicated to Reformer Pilates that is still in keeping with our boutique studio vibe.
“I am extremely excited to start this new chapter in partnership with Lord Sugar and the team is working hard to bring the new studio to life ready to welcome clients.”
For more information about North Studio, check out their website.
Flamingos Coffee House in Leeds' Central Arcade on Briggate has recently been put up for sale.
Providing a safe and welcoming space for everyone in the LGBTQ community, Flamingos Coffee House is a well known spot amongst locals.
Serving up delicious cakes, sandwiches and hot drinks, it's also known for their numerous events held during the week such as open mic nights, student Sundays and loads more.
Constantly raising money for LGBTQ charities, it's a real asset to the city.
Image: The Hoot Leeds
Flamingos has recently gone up for sale, with an asking price of £44,950.
The ad listing states: "Ernest Wilson are delighted to bring to market this immaculately presented city centre coffee shop. Our client has operated this business since 2023, during which time the premises have undergone an extensive refurbishment throughout and really must be seen to be appreciated.
"The business trades in easy hours over six days, opening at 10.30am daily – wonderful scope for enthusiastic new owners to consider opening earlier to develop the breakfast trade and boost turnover.
Image: The Hoot Leeds
"The premises occupy a prime trading position within a busy shopping arcade in the heart of Leeds City Centre with thousands of people passing daily. The premises are held on secure lease and comprise glass fronted coffee shop providing 26 covers in comfort."
This coffee shop is a real asset to the city and we hope it gains a wonderful new owner to maintain Flamingos in all its glory.
Danny Jones -
5th September 2023 
