Poundland and The Range still in talks but negotiations with Doug Putman fail

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A rescue deal proposed by the owner of HMV which would have saved around half of Wilko’s stores and secured the future of thousands of jobs has collapsed.

Doug Putman, who engineered a turnaround of HMV in the UK and owns Toys R Us in Canada, had been negotiating a deal to save as many as 200 of Wilko’s 408 stores, throwing a lifeline to staff.

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