Woolworths failing to find a buyer

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.


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