Melton Wilko store to be acquired by Poundland in new deal

Melton's Wilko store, which will close on Sunday following a collapse of the high street retailer, will be acquired by high street brand Poundland in a new deal.

Poundland closed their store in Sherrard Street, Melton, back in 2020 saying that their landlord had served notice on the site.

Administrators were recently called in following calls for investment to keep the hardware chain afloat but deals failed.

The joint administrators announced today (Tuesday) that they have entered into an agreement to provide Pepco Group with the option to acquire up to 71 sites to be opened as Poundland stores, after the administration trading period concludes at those sites.

Melton's Wilko store in Nottingham Street is set to be acquired by Poundland. Photo: NEMM

Edward Williams, joint administrator, says: “Alongside the previously announced agreement with B&M, we’re confident this sale will create a platform for future employment opportunities for people including current wilko team members at up to 122 locations. We will continue to engage with other retailers around any interest in other wilko sites and are confident of completing a sale of the brand and intellectual property within the coming days.”

The 71 stores included in the agreement with Pepco and 51 stores included in the agreement with B&M currently employ more than 3,200 wilko team members in total.

Here's the full list of 71 stores per agreement reach with Pepco; Aberdare, Alfreton, Alnwick, Altrincham, Ammanford, Ashby, Barking, Bedminster, Beeston, Bicester, Bishop Stortford, Bletchley, Bolton, Brentwood, Brigg, Cambridge, Chepstow, Coalville, Cramlington, Droitwich, Eccles, Edmonton Green, Ellesmere Port, Ferndown, Gateshead, Grays, Greenock, Grimsby, Havant, Hayes, Headingley, Hessle Road - Hull, Hillsborough, Hitchin, Jarrow, Killingworth, Kimberley, Lee Circle, Leek, Leigh, Lichfield, Maidenhead, Matlock, Melton Mowbray, Nelson, Northallerton, Orton, Pembroke Dock, Peterlee, Pontefract, Pontypool, Redhill, Redruth, Ripley, Rugeley, Sale, Seaham, Selly Oak, Shrewsbury Darwin Centre, South Shields, Southport, Stafford, Stamford, Stockport, Thornaby, Wellington, Wembley, West Ealing, Wombwell, Worcester, Worksop.