Woolworths closes last of stores - ToyNews

Woolworths closes last of stores

Remaining 200 shops will cease trading at the end of the day.
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Most of the UK stores have already shut with around 150 closing on 30 December and a further 200 stores closing their doors last Saturday.

Despite interest from a number of parties, Deloitte has been unable to find a buyer for the chain since it went into administration in November.

The closure follows a fire sale, selling off stock, fixtures and fittings at discount prices and will leave 27,000 workers out of work.

The final 200 outlets were planned to close on Monday but Deloitte gave the chain a brief reprieve until today in an attempt to sell the remaining stock and allow final arrangements to be made.

Deloitte is now continuing negotiations to sell off individual sites, with stores in prime locations expected to be reopened by other businesses. The firm also hopes to sell off the Ladybird children's clothes and Chad Valley toys brands.


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