Wilko set to call in administrators putting Lancashire jobs at risk
Wilko has said it plans to appoint administrators, putting about 12,000 jobs at the high street retailer at risk.
The boss of the homeware and hardware chain said it is expected to enter insolvency after failing to secure a takeover to help the business with “mounting cash pressures”. Wilko has around 400 shops across the UK, including eight in Lancashire. They include Preston, Blackburn, Burnley, Accrington, Lancaster, Nelson, Thornton-Cleveleys. Wilko, which filed a notice of intention to appoint administrators at the High Court today, also has stores in Barrow-in-Furness, Carlisle, Workington, Cockermouth and Whiteaven.
“We’ll continue to progress discussions with interested parties with the aim of completing a transaction which preserves the business and will encourage those interested parties we’re in discussions with to move as fast as possible. “We continue to believe that our robust turnaround plan, with significant re-stabilisation cost savings in progress, will deliver a profitable Wilko and maximise the significant opportunities that we know exist.”
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