Wilko: B&M strikes deal to buy 51 stores for up to £13m

Poundland, Home Bargains and The Range also in talks to snap up some of stricken retailer's outlets

The discount chain B&M has struck a deal to buy 51 Wilko stores for up to 13m as the stricken retailer's administrators rush to seal last-minute deals with the fate of thousands of jobs hanging in the balance.

B&M, one of the UK's most successful discount retailers with a market value of 5bn and 1,100 outlets nationwide and in France, said it will acquire up to 51" Wilko sites for a maximum aggregate consideration" of 13m.