HMV owner Doug Putman has made a last-minute attempt to rescue parts of fallen retailer Wilko.
The retail boss is understood to have been engaged in talks with the discount retailer’s administrators from PwC, according to The Times.
The offer could rescue 3,000 to 4,000 jobs, as well as roughly half of its 400 stores.
However, the BBC has reported that Putman’s offer is unlikely to meet legal requirements.
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Earlier this month, the company’s board appointed PwC as its administrator.
Although other potential bidders have expressed interest in saving some of the retailer’s stores, the companies were predicted to stop trading under the Wilko brand.
It was reported on Wednesday that the majority of Wilko stores were set to close within weeks as no buyer had emerged.