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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

What Wilko collapse means for staff and shoppers – and who might buy it

Wilko
Couple walking into a Wilko outlet.
Industry observers expect dozens, if not hundreds, of Wilko outlets to close. Photograph: Maureen McLean/Shutterstock

The budget retailer Wilko formally called in administrators on Thursday, after talks to secure rescue funding failed. So what does this move mean for its more than 12,000 staff and loyal customer base.

What does going into administration mean?

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