Wilko’s former chair tells MPs she was devastated by collapse of retailer

Lisa Wilkinson says her family’s multimillion-pound fortune was not enough to save the chain

• ‘Really horrendous’: former worker describes impact of Wilko’s demise
• Business live – latest updates

The former boss of Wilko has tearfully told MPs she was devastated by the collapse of the budget retailer as she claimed the family’s multimillion-pound fortune was not enough to rescue it.

Lisa Wilkinson, the company’s former chair who is granddaughter of the founder and was an important shareholder, was hauled in front of the business and trade committee after Wilko collapsed in August with the loss of more than 12,000 jobs, £625m in debt and a £50m pension black hole.

Continue reading...