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Wilko’s administrators are facing pressure to accept a rescue deal for the ailing budget retailer after a second last-minute white knight bid worth £90m emerged from an Anglo-Canadian private equity firm. [. ] Shops are expected to close within weeks, with thousands of job losses unless a buyout can be secured. M2 Capital, a restructuring specialist which owns a string of upmarket hotels around the world under the Como brand and is in the process of buying Michigan-based car parts maker Superior Industries, is understood to have put forward a bid that would keep the entire Wilko chain trading.
