Woolworths collapses in UK

LONDON – About 200 Woolworths stores in Britain have shut their doors for good. The stores that closed on Saturday represent about a quarter of the company’s shops. The chain’s other 600 stores are to close within about a week unless a last-minute buyer is found for the failed retailer. It filed for a form […]

Woolworths shutdown set for 5 January

Deloitte said around 200 of the company’s 807 stores would close by 27 December, followed by a second batch of 200 on 30 December, 200 on January 2 and the final closures on 5 January. The moves will affect 22,000 permanent staff and 5,000 temporary workers, although some will be kept on for a short […]