Poundland is stepping in to acquire several Wilko stores in Wales as part of its efforts to save 71 branches across the UK. Pepco, the parent company of Poundland, has officially sealed the deal for these stores following Wilko’s entry into administration back in August.
The retailer’s bankruptcy, resulting in the unfortunate loss of thousands of jobs, has already resulted in the closure of several Welsh locations. Cardiff Bay Retail Park, Llandudno, and Port Talbot shut their doors for the final time on Tuesday, September 12, with additional sites slated for closure later this month.
Doug Putman, the owner of HMV, had initially intended to purchase 300 branches and maintain their operations, but these negotiations faltered earlier this week.
Pepco’s announcement signifies that five Wilko stores in Wales, and a total of 71 nationwide, will now transition into Poundland outlets. B&M has also disclosed its acquisition of 51 Wilko stores; however, the specific stores involved have not been confirmed.
The Wilko stores purchased by Pepco to be rebranded as Poundland include:
- Aberdare
- Ammanford
- Chepstow
- Pembroke Dock
- Pontypool
