Wilko Weighs Renegotiating Rents to Cut Costs
- UK value retailer is considering CVA, has approached PwC
- ‘Directors explore all options’ for the company, CEO said
A Wilko store in Birmingham, UK.
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UK value retailer Wilko Ltd is considering entering into a so-called company voluntary arrangement to renegotiate rents with landlords and potentially close sites as it seeks to cut costs, according to people familiar with the matter.