Wilko Ltd. - Notice of Intention

Wilko Ltd., a discount retailer which currently employs about 12,000 people at 400 stores across the UK, filed a notice of intention to appoint administrators on 27 July 2023, after failing to find an offer that provides the required liquidity, given the company’s cash position. Wilko, which is one of the biggest privately-owned retailers in Britain, has reportedly struggled with a lack of cash, supply chain disruptions and a significant drop in footfall, due in part to competition from rivals including B&M, Poundland, Home Bargains and The Range. The company is reportedly continuing discussions with potential buyers.