Wilko collapses into administration

Wilko has formally collapsed into administration, appointing PwC to lead the process, as 12,000 jobs are put at risk.
The retailer had been trying to broker a solvent rescue deal since it filed a notice of its intention to appoint an administrator last Thursday.
The chain said it had “a significant level of interest, including indicative offers”, however it was unable to complete the deal within the necessary timeframe.
“Given the cash position, we’ve been left with no ch