Woolworths to shut up shop by 5 Jan

If no last minute buyer found

Woolworths to shut up shop by 5 Jan

17 December 2008 16:18 GMT / By Amy-Mae Elliott

With a buyer still yet to be found for broke retailer Woolworths, the company's administrators are warning shops will start shutting from 27 December.

Under the closure plan all 807 stores will be shut by 5 January, with all 27,000 permanent and temporary staff made redundant.

The administrators Deloitte said there was still interest in parts of the business, but have said they have had no luck in finding a buyer to purchase the business as is.

Deloitte also warned that - unless a last minute buyer is found - it's "clear that the creditors and suppliers will not get paid in full".

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(Will not be published)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