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.
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.