Wilko and Hilco might rhyme, but they are very different beasts. The former is – or, rather, was – a family-owned retailer run along paternalistic lines, whose bosses provided cut-price holiday homes to workers and put hundreds of students from poor backgrounds through university. The latter is a vulture fund that has feasted on the carcasses of collapsed chains such as Allders and Debenhams – a business profitable enough that its executive chairman moved to the tax haven of Monaco.
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