Sky News has learnt that the company, which last year warned that it could run out of cash, has obtained a loan from Hilco UK, the owner of Homebase and Cath Kidston
Wilko, the general merchandise retailer, has secured a £40m funding lifeline from one of the high street's most prolific investors.
. Details of the loan deal were filed at Companies House late last month, and come amid expectations of a challenging trading environment for retailers in 2023.Founded as a hardware store in 1930, it specialises in homewares and garden-related products.Last month, it named Mark Jackson, the boss of Bensons for Beds, as its chief executive.
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