The Wilkinson family is weighing the sale of a controlling stake in the retail chain it founded in 1930 as it races to raise tens of millions of pounds in new funding, Sky News learns
The family behind the value retail giant Wilko is exploring a change of ownership for the first time in a bid to salvage the chain's future.
Retail industry sources said a number of large general merchandise chains had been approached about recapitalising the business in a deal that could see the Wilkinson family relinquish majority control. Wilko employs about 12,000 people and trades from 400 stores - making it one of the biggest privately owned retailers in Britain.
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