Wilko to go into administration leaving high street giant with 400 stores on brink of collapse

The Sun says WILKO is on the brink of administration, putting 400 stores and thousands of jobs at risk.

The bargain retailer today filed a notice of intent to appoint administrators.

It comes as Wilko’s owners were said to be exploring the sale of a controlling stake just last month.

The discount chain has 400 shops and employs about 12,000 people.

Wilko chief executive Mark Jackson confirmed there has been “significant levels of interest” but that the business has not yet received an offer.

And it has resulted in the retailer having to take the “difficult decision to file an NOI.”