After high street retailer Wilko announced last week that the business was set to enter insolvency, an update has emerged about Bury town centre's store. 

The company has faced mounting financial pressures with an uncertain future.

With more than 408 stores across the UK, its closure could put around 12,000 jobs at risk.

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It emerged that the store on The Rock in Bury is one of the stores at risk of closure.

Near the shop, one woman said: “It’s not a place I regularly shop in but it’s good for cleaning and gardening products and cheap stationery.

“It would be a shame to lose another high street store.”

The company is still continuing its search for a possible rescue takeover.

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Another woman said: “It’s a shame, our town will become a ghost town if shops keep closing down.

“It seems that town centres are turning into flats now.”

Wilko filed a notice of intention to appoint administrators at the High Court on Thursday, August.

A Wilko spokesperson, was unable to confirm if the Bury store would be closing or not, and said all stores will remain open currently. 

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Last week, Wilko chief executive officer Mark Jackson said: "While we can confirm we’ve had a significant level of interest, including indicative offers that we believe would meet all our financial criteria to recapitalise the business, at present we don’t today (Thursday, August 3) have an offer that provides the necessary liquidity in the time we have available, given the mounting cash pressures we’re faced with.

“We’ll continue to progress discussions with interested parties with the aim of completing a transaction which preserves the business and will encourage those interested parties we’re in discussions with to move as fast as possible.”

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