Wilko, a British high-street retail chain known for selling homewares and household goods, has been making headlines due to its recent struggles and eventual collapse into administration. The company faced financial difficulties, leading to store closures, job losses, and failed rescue attempts. Despite efforts to save the retailer, Wilko was unable to secure a deal, resulting in the closure of all its shops and warehouses and the loss of over 9,100 jobs.
Founded in Leicester as Wilkinson Cash Stores in 1930, the company later became Wilkinson Hardware Stores before rebranding as Wilko in 2014. Over the years, Wilko established itself as a popular destination for affordable household items. However, financial challenges and changes in ownership, including a sale to CDS Superstores and later acquisition by The Range, ultimately led to its downfall. The collapse of Wilko has raised concerns about the impact on its employees and the decisions made by the company's leadership regarding dividends and financial management.
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Wilko has reopened stores in Plymouth and Exeter, with plans for further openings across the UK, following its collapse and sale to CDS Superstores.
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Former Wilko chair Lisa Wilkinson faces scrutiny over dividend payments and pension deficit following the collapse of the budget retailer
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Wilko, a beloved high street retailer, is set to return with up to five new stores before Christmas under the ownership of The Range.
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Wilko closes its final 41 stores after tumbling into administration and failing to secure a rescue deal.
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Chase UK, JP Morgan's British digital bank, will bar customers from making cryptocurrency transactions starting next month, citing an uptick in scams and fraud.
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The Range has acquired Wilko's brand in a multi-million pound deal following the collapse of the retailer, leaving thousands of staff facing job losses.
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A last-ditch attempt by the owner of HMV to strike a rescue deal for stricken retailer Wilko has failed, intensifying fears over the future of thousands of jobs.
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Struggling retailer Wilko to close all shops and warehouses, resulting in over 9,100 job losses
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Wilko has fallen into administration after a failed bid to save the company, putting 12,000 jobs at risk.
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Job cuts at Wilko may resume on Thursday if the necessary paperwork from the current bidder is not received by 17:00 Wednesday.
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Asset manager Abrdn faces continued net outflows and a decline in its investment management division, while Wilko's collapse into administration raises questions about multi-million pound dividends paid to owners.