Wilko rescue failed because ‘everyone got a little bit greedy’, says HMV owner
by Julia Kollewe from World news | The Guardian on (#6GQ4Y)
Retailer's suppliers did not think of 12,000-plus jobs that could have been saved, claims Doug Putman
The HMV owner Doug Putman has said his planned rescue of the retailer Wilko collapsed because everyone just got a little bit greedy" and was not thinking about the jobs that could have been saved.
The Canadian retail billionaire, who has engineered a turnaround of HMV in the UK and owns Toys R Us in Canada, was close to a deal to take over as many as 200 of Wilko's 408 stores in September, which would have saved more than 12,000 jobs.
Continue reading...