Wilko falls into administration with 12,000 jobs at risk

Wilko has entered administration, marking the end of the largest privately owned retailer in the UK. The British retailer’s failure to secure a rescue deal means around 12,000 jobs are now at risk. “We left no stone unturned when it came to preserving this incredible business but must concede that with regret, we’ve no choice but to take the difficult decision to enter into administration,” Wilko boss Mark Jackson said. For more visit Independent TV: https://www.independent.co.uk/tv/editors-picks Click here to subscribe to The Independent: https://bit.ly/Subscribe-to-Independent About The Independent: Making Change Happen. The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Connect with The Independent: Check out our full video catalog: /c/theindependent/videos Videos, daily editorial and more: http://www.theindy.com Click here to get the best of The Independent daily: https://www.independent.co.uk/newsletters Like The Independent on Facebook: https://www.fb.com/TheIndependentOnline Follow The Independent on Twitter: https://twitter.com/Independent Follow The Independent on Instagram: https://www.instagram.com/the.independent Download the iOS & Android app: https://www.independent.co.uk/subscribe/app Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust - https://www.independent.co.uk/donations Subscribe to Independent Premium for exclusive content & live events: https://bit.ly/2MiOONB

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