Huge update issued on future of iconic homeware chain with fresh rescue deal on the cards

A HUGE update has been issued on the future of an iconic homeware chain that’s been searching for a new owner.

Hilco Capital, the ex owner of Homebase and HMV, is poised to takeover over Lakeland, according to Sky News.

GettyThe family-run business was launched 61 years ago and is now spearheaded by the three sons of founder Alan Rayner[/caption]

Lakeland, which sells over 4,000 kitchen and home products, has been searching for new funding in the tens of millions of pounds to navigate challenging economic conditions...