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B&M rescues 51 Wilko shops in £13 million deal


&M has bought 51 Wilko shops for £13 million after the firm collapsed into administration.

It comes amid reports that a larger rescue deal, from HMV owner Doug Putnam, hit a snag, meaning a large number of stores may be forced to close.

Redundancies began at Wilko’s head offices yesterday, with warehouse staff also set to lose their jobs this week, as there were no bids on the table that included Wilko’s support staff.

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