Pressure mounts on UK stationery and hardware retailer Wilko

The privately-owned chain, which sells everything from stationery to hardware, has filed notice of its intention to appoint administrators at the UK’s High Court,

Thousands of jobs are at risk at Wilko after the British low-cost stationery and hardware retailer signalled it was at risk of insolvency proceedings due to “mounting cash pressures”. 

The privately-owned chain, which sells everything from stationery to hardware, has filed notice of its intention to appoint administrators at the UK’s High Court, following weeks hunting for a rescue deal.