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<blockquote data-quote="justkeepswimming" data-source="post: 149033" data-attributes="member: 25536">[Wilko Update] BBC: Poundland owner to take on up to 71 Wilko stores Yesterday evening, Pepco, the owner of Poundland, announced they would take control of 71 Wilko leases after the chain collapsed. The stores will be rebranded into Poundland stores by the end of the year. While Wilko staff will not move over directly, Pepco announced they will prioritise Wilko staff in hiring.This is the latest update in the Wilko Saga. While this situation is an unfortunate one, the winners cannot be ignored. Competitors seem to be eyeing Wilko's collapse to acquire some of their assets cheaply. Earlier B&amp;M announced it would take 51 stores. Other competitors may be waiting on the sidelines as the IP and branding of Wilko is still up for grabs. Departments involved:M&amp;A - Corporate lawyers responsible for structuring these deals. This kind of M&amp;A isn't the one we're used to learning about but it should not be forgotten as in current times we are likely to see a rise of distress M&amp;A and other similar situations. Real estate- As leases are being transferred over, the issue of terminating and transferring leases would be handled by real estate Banking &amp; Finance- structuring the deal, how is Poundland paying for it? How to structure the deal to get the most value for the creditorsLitigation - any disputes between various stakeholders Employment- As the workers are not being directly transferred over, handling the redundancies or severance packages would be their roleIP- The IP is still up for grabs, the IP team could value the leftover IP to make it more attractive for potential buyersFeel free to add anything I've missed. Would love to hear your thoughts on the situation.</blockquote>

[QUOTE="justkeepswimming, post: 149033, member: 25536"] [B][Wilko Update] BBC: Poundland owner to take on up to 71 Wilko stores [/B] Yesterday evening, Pepco, the owner of Poundland, announced they would take control of 71 Wilko leases after the chain collapsed. The stores will be rebranded into Poundland stores by the end of the year. While Wilko staff will not move over directly, Pepco announced they will prioritise Wilko staff in hiring. This is the latest update in the Wilko Saga. While this situation is an unfortunate one, the winners cannot be ignored. Competitors seem to be eyeing Wilko's collapse to acquire some of their assets cheaply. Earlier B&M announced it would take 51 stores. Other competitors may be waiting on the sidelines as the IP and branding of Wilko is still up for grabs. Departments involved: M&A - Corporate lawyers responsible for structuring these deals. This kind of M&A isn't the one we're used to learning about but it should not be forgotten as in current times we are likely to see a rise of distress M&A and other similar situations. Real estate - As leases are being transferred over, the issue of terminating and transferring leases would be handled by real estate Banking & Finance - structuring the deal, how is Poundland paying for it? How to structure the deal to get the most value for the creditors Litigation - any disputes between various stakeholders Employment - As the workers are not being directly transferred over, handling the redundancies or severance packages would be their role IP - The IP is still up for grabs, the IP team could value the leftover IP to make it more attractive for potential buyers Feel free to add anything I've missed. Would love to hear your thoughts on the situation. [/QUOTE]

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