Wilko, which has about 400 shops, filed a notice of intention to appoint administrators at the High Court on Thursday.
Wilko has said it plans to appoint administrators, putting about 12,000 jobs at the high street retailer at risk.
Earlier this year the company hired advisers from PwC in a bid to find to a buyer in order to secure fresh funding to keep the firm trading. The company said it had “no choice” but to file for the potential insolvency but will continue a possible rescue takeover. Wilko chief executive Mark Jackson said: “While we can confirm we’ve had a significant level of interest, including indicative offers that we believe would meet all our financial criteria to recapitalise the business, at present we don’t today have an offer that provides the necessary liquidity in the time we have available, given the mounting cash pressures we’re faced with.
Belgique Dernières Nouvelles, Belgique Actualités
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