The Closure of Numerous Wilko Stores After Failed Rescue Attempts
In a disappointing turn of events last night, numerous Wilko stores are expected to shut down, resulting in the loss of thousands of jobs, as the company’s rescue attempts fell through.
The 93-year-old retail chain entered administration earlier this month, putting 400 stores and 12,000 employees at risk.
PwC administrators have spent the past week evaluating potential rescue bids. However, they announced last night that there were no offers for the entire company.
The 93-year-old high street chain tumbled into administration this month – putting 400 stores and 12,000 jobs at risk
PwC remains in discussions with potential buyers interested in acquiring parts of the business, offering some hope that certain locations and jobs may be saved.
The joint administrators at PwC
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