https://www.theguardian.com/business/202...12000-jobs
The budget retailer Wilko has said it is on the brink of collapse, with more than 12,000 jobs at risk, as the high street struggles with rising costs and lacklustre consumer demand.
The household and garden products retailer, which has about 400 stores, said it had filed a notice of intention to appoint administrators at the high court on Thursday with advisory firm PricewaterhouseCoopers (PwC) lined up.
PwC has been working with Wilko in recent months to try to find a buyer in an attempt to secure additional cash needed by the end of this month to keep trading.
If Wilko does collapse into administration it would be the largest retailer to do so since convenience store chain McColl’s just over a year ago – which was rescued by supermarket chain Morrisons.
Sad to see... we shop there reasonably regularly! They have quite a wide variety of household items, so they're useful when you need some random thing for the home.
Anyway, I do hope they'll be rescued - so that at least some of those 12,000 jobs can be saved!
The budget retailer Wilko has said it is on the brink of collapse, with more than 12,000 jobs at risk, as the high street struggles with rising costs and lacklustre consumer demand.
The household and garden products retailer, which has about 400 stores, said it had filed a notice of intention to appoint administrators at the high court on Thursday with advisory firm PricewaterhouseCoopers (PwC) lined up.
PwC has been working with Wilko in recent months to try to find a buyer in an attempt to secure additional cash needed by the end of this month to keep trading.
If Wilko does collapse into administration it would be the largest retailer to do so since convenience store chain McColl’s just over a year ago – which was rescued by supermarket chain Morrisons.
Sad to see... we shop there reasonably regularly! They have quite a wide variety of household items, so they're useful when you need some random thing for the home.
Anyway, I do hope they'll be rescued - so that at least some of those 12,000 jobs can be saved!
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Moonface (in 'Woman runs 49 red lights in ex's car')' Wrote: If only she had ran another 20 lights.
(Thanks to Nilla for the avatar, and Megan for the sig!)
Hopefully they can find a buyer that can save some of the stores.
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