Woolworths going bust?

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BrilloPad replied

19 November 2008, 16:43
I thought Alan Sugar tried to buy a 4% stake? But shares frozen as owned by icelandic company?
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Bob Dalek replied

19 November 2008, 14:57
Serve 'em right, if true. Their Xmas adverts are just terrible. Bring back the 2-minute extravaganzas of yesteryear, chock-a-block with ... er ... celebs... oh, hang on, er..
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TimberWolf replied

19 November 2008, 14:33
Originally posted by zara_backdog View Post

Just heard on the news Woolworths is going bust, and maybe brought by another retailer for £1.00 (can't find any links however) I wonder who will be next?

The pound shop?
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Platypus replied

19 November 2008, 14:24
Originally posted by HeliCraig View Post

badly organised jumble sales

Spot on !
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HeliCraig replied

19 November 2008, 14:22
If you've been in a Woolworths recently this isn't that hard to understand - the couple I have been in have been like badly organised jumble says.

Woolworths PLC though, includes some profitable bits such as EUK (the wholesaler); and I believe it is only the actual retail stores they are seeking a buyer for!
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chef replied

19 November 2008, 14:05
rumour unless there's a credible source

EDIT: i stand corrected

"Woolworths - which is famous for its pick 'n' mix - is believed to be in discussions with restructuring firm Hilco to sell its 800-store chain for a nominal £1. The shares lost nearly a third of their value on the news, falling 1.23p to 2.58p, after being suspended briefly before the announcement."
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Platypus replied

19 November 2008, 13:47
Originally posted by zara_backdog View Post

and maybe brought by another retailer for £1.00

How fitting !
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Purple Dalek replied

19 November 2008, 13:46
Wasn't the whole company bought as a gift for someone's wife in the '70s or '80s...
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zara_backdog started a topic Woolworths going bust?

19 November 2008, 13:39
Woolworths going bust?

Just heard on the news Woolworths is going bust, and maybe brought by another retailer for £1.00 (can't find any links however) I wonder who will be next?
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