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PwC says it will restart helpline and chat system ‘soon’ as it tries to find buyer for all or part of business

Wilko has collapsed into administration after hopes of a rescue deal were dashed.

Wilko CEO Mark Jackson said the company had “no choice but to take the difficult decision to enter into administration“ after failing to secure a rescue deal, meaning 12,000 jobs are now at risk

The troubled budget retailer Wilko has stopped offering home deliveries for orders on its website as it holds last-ditch talks on a potential rescue deal.

Wilko chief executive Mark Jackson said in an open latter that the firm had a significant level of interest but they were unable to close a deal in time.

Wilko has been a stalwart on UK high streets since it first opened its doors as a hardware store in 1930. But why is Wilko entering administration and who is their CEO, Mark Jackson (pictured)?

Wilko has gone into administration, putting thousands of jobs at risk.

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Low-cost retailer appoints PwC after failing to find interested buyers

Wilko has told customers "it's been an honour" in an emotional letter from the discount store's boss as it plunged into administration.