UK Retailer Wilko Collapses, Putting 12,000 Jobs at Risk
British discount retailer Wilko has made a grim announcement, revealing that it had slipped into administration, a creditor protection measure that casts a shadow over the fate of its 12,000 employees. The privately-owned company, grappling with financial strain stemming from a trading slump, faced a critical challenge in securing emergency funding to navigate the tough…