UK retailer Wilko collapses, putting 12,000 jobs at risk
The family-owned retailer, facing a cash squeeze after a downturn in trading, had failed to secure emergency investment.
"We left no stone unturned when it came to preserving this incredible business but must concede that with regret, we've no choice but to take the difficult decision to enter into administration," Wilko Chief Executive Mark Jackson said.
https://www.reuters.com/business/ret...sk-2023-08-10/
- Wilko enters administration
- 93-year old retailer trades from 400 stores
- Failed to secure emergency investment
The family-owned retailer, facing a cash squeeze after a downturn in trading, had failed to secure emergency investment.
"We left no stone unturned when it came to preserving this incredible business but must concede that with regret, we've no choice but to take the difficult decision to enter into administration," Wilko Chief Executive Mark Jackson said.
https://www.reuters.com/business/ret...sk-2023-08-10/
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