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10/12/2008
Former DIY Boss In Woolworths Bid
The former Chief Executive of Kingfisher has made a bid for 500 stores owned by ailing retailer Woolworths, it has been reported.
The Sun newspaper claims Geoff Mulcahy is prepared to step-up and attempt to save some of the 25,000 jobs at risk.
He told the paper: "You have 25,000 staff at Woolworths and there must be a way of trying to save this business.
"It's late in the day, but there's still a possibility. We're considering a number of options."
However, it has been reported that Mr Mulcahy's proposals could stall after administrators Deloitte agreed to sell 50 Woolworths stores to frozen food retailer Iceland.
The Sun has claimed separate deals are in place to sell off a further 350 stores to a range of supermarkets and discount stores.
Woolworths has become one of the most high profile victims of the UK credit crunch and economic downturn.
Last month the multi-goods retailer's 815 stores and wholesale distribution operation, EUK, were placed in administration.
Woolworths was demerged from Kingfisher in 2001.
Deloitte and Iceland declined to comment to the Reuters news agency on today's media reports.
(PR/JM)
The Sun newspaper claims Geoff Mulcahy is prepared to step-up and attempt to save some of the 25,000 jobs at risk.
He told the paper: "You have 25,000 staff at Woolworths and there must be a way of trying to save this business.
"It's late in the day, but there's still a possibility. We're considering a number of options."
However, it has been reported that Mr Mulcahy's proposals could stall after administrators Deloitte agreed to sell 50 Woolworths stores to frozen food retailer Iceland.
The Sun has claimed separate deals are in place to sell off a further 350 stores to a range of supermarkets and discount stores.
Woolworths has become one of the most high profile victims of the UK credit crunch and economic downturn.
Last month the multi-goods retailer's 815 stores and wholesale distribution operation, EUK, were placed in administration.
Woolworths was demerged from Kingfisher in 2001.
Deloitte and Iceland declined to comment to the Reuters news agency on today's media reports.
(PR/JM)
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01 February 2008
Woolworths Drops Lolita Bed For Girls
Woolworths has been forced to withdraw a range of bedroom furniture for young girls. The advertisement for the £395 Lolita Midsleeper Combi sparked a flood of complaints from parents who forced the move. ‘Lolita’, the title of Vladimir Nabokov's 1955 novel about a 12-year-old temptress, has become a byword for a sexually precocious young girl.
Woolworths Drops Lolita Bed For Girls
Woolworths has been forced to withdraw a range of bedroom furniture for young girls. The advertisement for the £395 Lolita Midsleeper Combi sparked a flood of complaints from parents who forced the move. ‘Lolita’, the title of Vladimir Nabokov's 1955 novel about a 12-year-old temptress, has become a byword for a sexually precocious young girl.
27 November 2008
Woolworths Enters Administration
High Street retailer Woolworths has entered administration, leaving thousands of jobs at risk. The chain, which has 815 stores in the UK and employs around 30,000 staff, had been struggling with debts totalling £385 million.
Woolworths Enters Administration
High Street retailer Woolworths has entered administration, leaving thousands of jobs at risk. The chain, which has 815 stores in the UK and employs around 30,000 staff, had been struggling with debts totalling £385 million.
05 December 2008
Woolies Launches 'Biggest' Sale, As Search For Buyer Continues
Troubled high street retailer Woolworths is to hold its "biggest ever" sale, as the search for a buyer for the chain continues. Administrator Deloitte said it would slash up to 50% off goods - including toys and greetings cards - in an attempt to clear shelves as it remains in talks with potential buyers.
Woolies Launches 'Biggest' Sale, As Search For Buyer Continues
Troubled high street retailer Woolworths is to hold its "biggest ever" sale, as the search for a buyer for the chain continues. Administrator Deloitte said it would slash up to 50% off goods - including toys and greetings cards - in an attempt to clear shelves as it remains in talks with potential buyers.
17 December 2008
Woolworths Stores 'To Be Closed By Early January'
Administrators have confirmed that troubled chain Woolworths will close its doors for good next month, after almost a century of High Street trading. The first of the 807 stores are due to close on December 27, and all 27,000 permanent and temporary staff will all lose their jobs.
Woolworths Stores 'To Be Closed By Early January'
Administrators have confirmed that troubled chain Woolworths will close its doors for good next month, after almost a century of High Street trading. The first of the 807 stores are due to close on December 27, and all 27,000 permanent and temporary staff will all lose their jobs.
26 November 2008
Woolworth Worthless?
Despite the festive shopping season being well underway, troubled retailer Woolworths has today seen dealing in its shares suspended as the firm continues talks to rescue the business. Woolworths said in a statement that it was in discussions over the potential sale of its 840 stores.
Woolworth Worthless?
Despite the festive shopping season being well underway, troubled retailer Woolworths has today seen dealing in its shares suspended as the firm continues talks to rescue the business. Woolworths said in a statement that it was in discussions over the potential sale of its 840 stores.
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