The High Street retailer Wilkinsons has collapsed into administration threatening 12,000 jobs and 400 stores nationwide
The chain’s CEO Mark Jackson said management would work with administrators PwC to “preserve as many jobs as possible” across the stores.
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.”
He added that there had recently been a “significant level of interest” from other firms in Wilko, “including indicative offers that we believe would meet all our financial criteria to recapitalise the business”.
