Hundreds of stores of the retail giant Wilko will close in the coming weeks, after talks to rescue the bankrupt company failed. Administrators at PwC confirmed on Monday that nearly 300 Wilko stores and its distribution centers will cease operations in the coming weeks. The company collapsed owing £410.9 million to landlords, suppliers, HM Revenue & Customs and others. Since the bankruptcy announcement August 10, last-ditch efforts by HMV owner Doug Putman to strike a rescue deal aimed at taking over 200 stores took place, only to fall through. Administrators at PwC explained, “no aspect of the retail chain could be salvaged in its current configuration”. Wilko closing down sale, Wood G
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