THERE could be hope for Wilko fans as stores “could be saved” by rival discount chains.

It comes after the bargain retailer collapsed into administration yesterday following rescue talks failed.

Wilko rivals could be in line to snap up 300 shops, according to reports by the Mail Online.

The chain appointed administrators yesterday, with all control of the business being passed over to PricewaterhouseCoopers (PwC).

It had been in a race to find a new owner after filing a notice of intent to appoint administrators last week.

But today there is fresh hope that the majority of the stores could be saved as two discount chains and financial backers are said to have expressed interest in buying the business.

This post first appeared on thesun.co.uk

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