Published Date:
07 January 2009
WOOLWORTHS' remaining 200 stores have closed their doors for the last time, leaving more than 27,000 people unemployed.
The firm's 807 UK stores have been closing in stages since the end of December following clearance sales.
The last 200 stores opened for the final time following a one-day reprieve by the high street chain's administrator, Deloitte.
Woolworths went into administration in November with debts of £385 million and Deloitte was unable to find a buyer.
Deloitte is continuing negotiations to sell off individual sites, with stores in prime locations expected to be reopened by other businesses.
It has held talks with other retailers about taking on the leases of around 300 Woolworths stores and hopes to sell off the Ladybird children's clothes and Chad Valley toys brands.
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Last Updated:
06 January 2009 9:20 PM
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Source:
The Scotsman
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Location:
Edinburgh
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Related Topics:
Woolworths
,
Unemployment
,
Credit Crunch
