British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,500 jobs as high inflation and interest rates hurt consumers and businesses.

UK retailer Wilko collapses due to 'big debts'; 12,500 jobs at risk

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wilko collapses

UK retailer Wilko collapses due to 'big debts'; 12,500 jobs at risk