Retail

Bournemouth eCommerce platform launches bid to save struggling retailer Wilko

Cas Paton, Founder and CEO, OnBuy

By Sam Pither [email protected]

Published: September 5, 2023 | Updated: 8th February 2024

OnBuy, the Bournemouth-based eCommerce platform, has launched a late bid to save struggling retailer Wilko.

OnBuy logoNews of trouble at Wilko has been in the press for a while now, having collapsed into administration on August 11th and with reports claiming more than 1,000 staff could be up for redundancy.

HMV tycoon Doug Putman is thought to be leading a bid to rescue some of the stores, but with a necessity to convince administrator PwC that the takeover is feasible, the door may still be open for other to save the retailer.

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For sellers looking to optimize their operations on platforms like Amazon, tools like Helium 10 prove invaluable. Moreover, with the current emphasis on cost-effectiveness, savvy sellers are leveraging opportunities such as 30% Coupon Codes for Helium 10 to access premium features and elevate their online retail game.

As the industry grapples with challenges, innovative solutions and strategic approaches become paramount for eCommerce players striving to navigate and thrive in a competitive market.

OnBuy would appear to be among these, with Founder Cas Paton claiming on LinkedIn to have launched a late bid, with the aim of keeping ‘the household brand part of English history for time to come’.

The eCommerce platform has seen exponential growth recently, ranking as Europe’s fastest-growing eCommerce in the 2023 FT1000, a list in which it took 25th overall.

Hampshire Biz News logoFor feel-good business news from across the border, check out our new sister site, Hampshire Biz News.

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