Wilko: UK discount retail chain collapses putting 12,000 jobs at risk
British discount retailer Wilko said it has fallen into administration on Thursday, a form of creditor protection that puts its 12,000 jobs in danger. The family-owned retailer, facing a cash squeeze after a downturn in trading, had failed to secure emergency investment. “We left no stone unturned when it came to preserving this incredible business…