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Comment on Wilko collapses into administration putting 12,000 jobs at risk

The article didn’t mention that the shareholders - mostly the Wilkinson family - were essentially looting the company while it was in financial trouble.

I won’t be surprised if the owners had been funnelling money out of Wilco for years.

Another case of greed impacting on the jobs of ordinary people.

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soyagi@yiffit.net ⁨1⁩ ⁨year⁩ ago
Do you have a source for this?

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- tenebrisnox@feddit.uk ⁨1⁩ ⁨year⁩ ago
  It’s been reported in several places. For example:
  
  “Despite its problems, owners of the chain, led by the Wilkinson family, took £3m in dividends in the 12 months to the end of February 2022.”
  
  from Today’s Guardian
  
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  - soyagi@yiffit.net ⁨1⁩ ⁨year⁩ ago
    Thanks! This definitely puts the whole situation in a bit different light, doesn’t it.
    
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- tenebrisnox@feddit.uk ⁨1⁩ ⁨year⁩ ago
  Just reported that - yes - the family were looting Wilco for years. £77 million funnelled out of the company.
  
  Wilco paid 77m to owners before collapse
  
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