Creditors back entrepreneur’s bid to save Wilko

HMV owner Dough Putman’s offer to save Wilko has secured the backing of the stricken Worksop retailer’s creditors, it has emerged.

PwC is now looking into the financial behind the rescue deal, which is believed to come from in the form of debt from Gordon Brothers, according to reports in The Times.

Meanwhile, online retailer OnBuy has also emerged as a competitor to Putman and has lodged a “drastically improved” offer, according to sources close to the deal.

Any deal to buy all or part of Wilko out of administration could be announced as early as Monday (September 4).

Late last week, administrators PwC announced the first raft of job losses at the company – with more set to follow this week if a buyer isn’t found.