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

You May Also Like

Average first-time buyer must save more than a YEAR’S salary for a deposit on a home

The average first-time buyer must save more than a year’s salary to…

I survive on just BREAD once a day & cold cups of tea because I’m terrified of spiralling bills – everything costs more

A WOMAN claims to be surviving on just bread and cold cups…

Full list of nine items being AXED from McDonald’s menu within days including ‘the best ever McFlurry’

MCDONALD’S is set to axe nine items off its menu in days,…

Who owns Cadbury?

KNOWN for its drum-playing gorilla as much as its chocolate, Cadbury has…