High Street retailer Wilko has confirmed that there are “no immediate store closures planned” following their announcement that they had filed a notice of intention to appoint administrators.
The chain has over 400 stores and 12,000 members of staff across the UK who have now been put at risk.
A notice of intention to appoint administrators does not necessarily mean that Wilko will go into insolvency, but it gives it time to attempt to shore up its’ finances, such as by finding a buyer.
Both Made.com and clothing shop Joules went into administration last year, but both were rescued in deals with high street retailer Next.
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