High street retail chain Wilko has gone into administration, after Sky News revealed earlier on Thursday it was only hours away from insolvency. In a statement, CEO Mark Jackson said: “We’ve all fought hard to keep this incredible business intact but must concede that time has run out and now, we must do what’s best to preserve as many jobs as possible, for as long as is possible, by working with our appointed administrators.”
Wilko enters administration putting around 12,000 jobs at risk
