Wilko is a British homeware and household goods retailer founded in 1930, with over 400 stores in the UK. The company is known for its affordable prices and wide range of products.
The British homeware retailer has filed a notice of intent to appoint administrators to run the company. The company has been facing financial difficulties and general supply issues for some time as cited by CNN’s report.
The company is currently listed for sale, with the possibility of getting acquired by another retailer. However, it is also possible that Wilko will be liquidated, which would mean that all of its stores would close and its 12,000+ employees would lose their jobs.