UK Business

what insolvency really means for the budget retailer and why its competitors are surviving (for now)

Written by John Wood, Lecturer in Law, Lancaster University

All 400 of Wilko’s shops are now expected to close over the next month, leaving 12,500 people without jobs across the UK. The budget retailer’s administrator PwC announced the news after it struggled to secure a rescue deal for Wilko to continue operating.

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