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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Wilko collapses into administration after rescue talks fail

The retailer, which has about 400 stores, has struggled in the tough economic climate.
The retailer, which has about 400 stores, has struggled in the tough economic climate. Photograph: Andy Rain/EPA

The troubled budget retailer Wilko has called administrators, putting more than 12,000 jobs at risk after it failed to agree a rescue deal.

The family-owned household and garden products retailer, which has about 400 stores, is expected to have to close dozens of outlets, leaving big gaps on high streets after weeks of talks with interested parties.

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