The Range has secured a deal to buy Wilko's brand, website and intellectual property after the high street chain fell into administration.
The Plymouth-headquartered budget retailer has confirmed that as part of the deal it will sell Wilko products in-store.
Administrators at PwC have sought to sell off Wilko鈥檚 assets in recent weeks, including its brand and shops, after failing to secure a rescue deal for the whole business. More than 10,000 further Wilko workers are set to lose their jobs by next month as a result.
After announcing last week the closure of 52 stores, which have begun this week, PwC said it expects Wilko's online operations to restart under the new ownership once the closure of the remaining stores is completed next month.
Read more: 12,500 jobs at risk as Wilko goes into administration
The deal, for an undisclosed sum, will also see 36 workers from Wilko鈥檚 digital team transfer over to The Range.
Jane Steer, joint administrator, said: 鈥淪ince our appointment, the feedback from customers and wider stakeholders during this challenging period has reinforced the fact that Wilko remains a much loved and trusted brand within the 海角视频.
鈥淭his sale to The Range will ensure that the Wilko name lives on under their ownership and we wish The Range every success.鈥
The Range, which runs 210 stores across the 海角视频, has said it will also offer click and collect on products from Wilko.com.
Alex Simpkin, chief executive of The Range added: 鈥淭his acquisition comes at a time when consumers are more than ever wanting to shop with confidence for value and quality.
鈥淲e are delighted to have acquired this brand and we will ensure that the Wilko brand will continue to deliver for the 海角视频 consumer, both in-store and on-line.
鈥淚 am also delighted that we were able to retain the Wilko digital trading team, the team are very skilled and experienced, and it means a lot to us to ensure that we could save as many 鈥榝ellow鈥 retail positions as possible.鈥
Wilko was originally founded by James Kemsey Wilkinson in Leicester in 1930. The family-owned business employed 12,500 staff and ran 400 shops before it hired administrators early last month after it came under pressure from weak consumer spending and debts to suppliers.
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