Wilko CVA ‘would see no rent payments for three years’

Homewares chain Wilko is looking to pay no rent on some of its stores for the next three years.

According to The Times, the chain’s proposed CVA would see it cut rents on 240 of its 400 branches. Some of these reductions would see it pay no rent for three years.

This is likely to see landlords take back their properties in the hope of reletting them to another retailer. 

wilko 2022 aw

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