The full list of Wilko stores in Greater Manchester at risk of closure

Some 400 Wilkos stores could close across the UK after its CEO said it had filed a 'notice of intention' to appoint administrators.

The household and garden retailer said it made the move after failing to find enough investment. Around 12,000 people are employed by the chain in 400 stores. 16 stores could close in Greater Manchester if the retailer does go under. In a statement from CEO Mark Jackson on Thursday , the chain confirmed that the retailer was struggling to find a buyer which provided the 'necessary liquidity' in the time it has available given the 'mounting cash pressures' it was facing. He added that the retailer, which has been a staple of the British high street for over 90 years, had no other choice.

The statement added: "We continue to believe that our robust turnaround plan, with significant re-stabilisation cost savings in progress, will deliver a profitable Wilko and maximise the significant opportunities that we know exist. "We’re a £1.2billion turnover business with strong presence on UK high streets through our 400 stores, online at wilko.com and through our great value Wilko own brand products, serving local communities with their everyday household and garden needs for over 90 years.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Long delays and motorway CLOSED in Greater Manchester after crashes - updatesBREAKING: Long delays and motorway CLOSED in Greater Manchester after major crashes
Source: MENnewsdesk - 🏆 23. / 69 Read more »

New deal could transform six Greater Manchester train stationsThe new deal that could transform six Greater Manchester train stations
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Quaint cottage on market in sought-after Greater Manchester suburbQuaint character cottage on market for £375,000 in sought-after Greater Manchester suburb
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Inside the transformation plan to attract more people to Greater Manchester townMore than 160 rental properties are being built in the centre of Bolton as the council 'shifts the focus away from just retail'
Source: MENnewsdesk - 🏆 23. / 69 Read more »

The 'riddled' Greater Manchester estate that left family no choice but to fleeThe Greater Manchester estate 'riddled' with rats that left young family with no choice but to flee their infested home
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Greater Manchester Police denies withholding detention footageGreater Manchester Police denies withholding detention footage related to allegations women faced unjustified strip-searches
Source: BBCNews - 🏆 3. / 97 Read more »