Wilko sells Worksop DC to DHL for £48m in sale and leaseback deal


Wilko has sold its distribution centre in Worksop, Nottinghamshire, to logistics giant DHL for GBP48m to help refinance the business. The retailer has leased the site back from DHL under a 15-year partnership agreement. The move comes as Wilko battles to cut costs across the business due to the impact of the cost of living crisis on trading.

In September the company, which has 402 stores and an online service, brought in management consultants Teneo to help it find economies. […]

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