Future Of British Business
UK Retailer Wilko Secures £40 Million Loan from Hilco
A Wilko location in Birmingham, UK.
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Wilko has secured a £40 million ($48 million) credit facility from Hilco Capital Ltd. to help the UK household and garden retailer weather the cost-of-living crisis.
The two-year facility is in addition to £48 million Wilko recently received from the sale and leaseback of its distribution center, according to an emailed statement. The privately-held 92-year-old business is also negotiating with landlords to help it through the “tough” trading period.