The budget retailer Wilko has said it is on the brink of collapse, with more than 12,000 jobs at risk, as the high street struggles with rising costs and lacklustre consumer demand.
The household and garden products retailer, which has about 400 stores, said it had filed a notice of intention to appoint administrators at the high court on Thursday with advisory firm PricewaterhouseCoopers (PwC) lined up.
