Michael Flacksfounder News Today

The first round of potentially thousands of layoffs at failed retailer Wilko is expected to start today, as staff at offices and warehouses are told they will lose their jobs.

Michael Flacks (pictured), founder, chairman and chief exec of private equity giant Flacks, is understood to be heading a consortium for the stricken retailer.

Michael Flacks (pictured), founder, chairman and chief exec of private equity giant Flacks, is understood to be heading a consortium for the stricken retailer.