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Wilko’s Fall Leaves a Gaping Hole in British Town Centers
- The budget retailer occupies 11 million square feet of space
- Company said this week it would start insolvency proceedings
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The last thing Britain’s economy needed was a collapsing retailer with 400 stores across the country. That’s what happened this week when Wilko Ltd. plunged toward insolvency, threatening to leave an 11 million square-foot barren hole in UK town centers and shopping districts — equivalent to four Empire State Buildings.