Woolworths failing to find a buyer

Christmas sale could turn into closing down sale

Woolworths failing to find a buyer

10 December 2008 17:30 GMT / By Amy-Mae Elliott

It seems Woolworths' recent sale might be extended from and up to 50% pre-Christmas promotion to a closing down sale.

The BBC reports that the retailer's administrator Deloitte has failed to find a buyer for the firm and suggests "fears are growing" for the company's 30,000 staff across 815 stores.

Woolworths went into administration on 26 November after revealing that it was £385 million in debt.

At the time the company first went into administration, Deloitte was quoted as stating that there had been "substantial interest" in the firm.

Related
Full tags
Biz, Woolworths, Deloitte
UK Shopping
Amazon.co.uk, play.com, pixmania.co.uk, Currys.co.uk, Dixons.co.uk, 7dayshop.com, ebay.co.uk
US Shopping
Amazon.com, bestbuy.com, ebay.com

share Subscribe to RSS feeds email story save story print story pdf

Comments

(Will not be published)

  (Next time sign in to bypass captcha)

Latest in Biz

Latest on Pocket-lint

Top 10 Broadband

Compare 50+
broadband packages

Home Broadband »

Pocket-lint poll

Q. Do you use the same password for everything?

Vote YES Vote NO

» LAST TIME
When asked Do you check emails, twitter or surf the internet in the loo? 65% said yes and 35% said no

About Pocket-lint

Pocket-lint is your one stop shop for gadgets, technology and consumer electronics, bringing you the low-down on the latest televisions, cameras, phones, GPS and much more. Whether it's learning about what's hot in the world of Apple, finding out about the latest home cinema kit from Samsung and Sony or merely seeing what not to buy, we have you covered. So check out our reviews, news, comment, hands-on photo galleries and videos. Enjoy.

Top products

tip us on news

reviews hub

Rss feed

Follow us on Twitter