British discount chain Wilko It will be announced on Thursday. suspension of paymentsafter the company’s efforts to find a buyer failed and left nearly 12,000 jobs in the air.
“We didn’t leave a stone unturned when we came. preserving this great work, “However, we regret to admit that we have no choice but to make the difficult decision to take over.” Mark Jackson.
In this sense, the manager regretted even though he bought the company. “Substantial interest”Given the cash position and the assurance of completing the deal within the required time frame, including indicative proposals that could meet the financial criteria to recapitalize the business, “there was no choice but to take this unfortunate step.”
The chain, whose origin goes back to a hardware store, leicester inside 1930Thus, it has become one of the biggest victims of the impact of rising cost of living and rising loans on consumption after 14 consecutive UK interest rate hikes since December 2021.
British trade union GMB expressed its solidarity with Wilko workers, saying that their entry into suspension of payments “A preventable disaster” which puts 12,000 jobs at risk due to mismanagement.