Shoosmiths advises on trio of deals for Wilko’s administrators
Shoosmiths has now advised on a trio of deals for the administrators of budget home and gardens retailer Wilko, (“wilko”).
Administrators PwC confirmed today that The Range has acquired Wilko’s web business and intellectual property rights.
This follows news that Wilko’s administrators had agreed a deal with Poundland’s owner, Pepco, giving Poundland the potential to take control of up to 71 Wilko store leases, and a deal with B&M to take up to 51 of Wilko’s stores.
The Birmingham based corporate restructuring and advisory team advised the administrators on all three deals.
Administrators at PwC, Jane Steer, Zelf Hussain and Eddie Williams, engaged experts at Shoosmiths following the failure of the retail giant to secure a rescue deal.
Lead partner and head of Shoosmiths’ corporate restructuring and advisory team James Keates has been supported by partners Aaron Harlow and Lee Sennett as well as legal director Charlotte Duce and principal associate Charlotte Broster.
Shoosmiths’ James Keates said “We are happy to have advised on these transactions which have involved intensive work from our multi-disciplinary team.
“The Shoosmiths’ corporate restructuring and advisory team have worked extremely hard to secure these three deals in a challenging high street environment."
Wilko, which had been trading as a family business for 93 years, had more than 400 stores across Britain and more than 12,000 employees before it went into administration.