A rescue deal for up to 300 Wilko stores across the UK has collapsed.
Doug Putman, who owns HMV, planned to take over the budget high street chain, but rising costs complicated the deal, the BBC has reported.
Administrators PriceWaterhouse Coopers are expected to announce details of job losses and store closures soon.
Wilko collapsed into administration in August, raising concerns over the futures of its 12,500 workers.
A list of 52 stores has been released by the company’s administrators that will face the axe after a rescue deal failed.
Barrow’s Wilko will have its final day of trading on Thursday.
Cumbria also has Wilko branches in Cockermouth, Workington, Whitehaven and Carlisle – but none of those are on the list.
However, administrators added it was possible that further store closures may be necessary, depending on talks with remaining potential buyers.
B&M has bought 51 stores for £13m, but that it wouldn’t be revealed which had been saved until November.
