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Lessons from Wilko (2) – why did Wilko collapse?

Lessons from Wilko (2) – why did Wilko collapse?

by Rachel Waghorn | Dec 7, 2023 | Insight, Insolvency

The retailer Wilko collapsed into administration in August, leading to the closure of 400 stores and the loss of 12,000 jobs. As Lisa Wilkinson, the former Chair, argued during the Select Committee hearing, its demise had come on quickly. At the beginning of 2022, it...
Lessons from Wilko (2) – why did Wilko collapse?

Lessons from the Wilko Select Committee hearing

by Rachel Waghorn | Dec 5, 2023 | Insight, Insolvency

Last Tuesday, the Business and Trade Parliamentary Select Committee heard evidence from the former Chair and CEO of Wilko (Lisa Wilkinson and Mark Jackson). One of the highlights of my career was advising the former directors of Thomas Cook on their appearance before...
Insolvency Update: New Guidance for Directors

Insolvency Update: New Guidance for Directors

by Rachel Waghorn | Oct 31, 2023 | Insight, Insolvency

When a company approaches or enters into insolvency, its directors need to be more aware than ever of their duties. Failure to comply with these legal duties can result in a director having personal liability for the company’s debts or being disqualified from being a...
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