So, are they , the buyers, going to open up the high Street branches again, or what? That old familiar gold and red shopfront name was just a kind of permanent part of every town and city, it's hard to imagine it not there any more.
The guys who bought the Woolworths name were on TV today. They were very reluctant to say how much they had paid.
Does the Administrator not need to put this information in the Public Domain in order to prove that he got the best deal?
tim
I suppose you "prove" you got the best deal by auctioning the asset to whoevever offers the most for it.
I suppose you "prove" you got the best deal by auctioning the asset to whoevever offers the most for it.
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The implication was that he did that, but using closed offers. If he doesn't reveal the winning bid, how will the others know that the process was fair?
tim
The Barclay Brothers (ching ching loads o' money $$$$$$$$$).........they are keeping the name and operating from the internet only.
NO...
Don't they always sell them for a pound?
Usually that's all they are worth.
I think "Woollies" is so iconic that it ought to be worth a bit more,
tim
As part of the receivership or liquidation process the Administrator will have to file a receipts and payments account at companies house. I believe this may be quarterly. Sooner or later it will be in the public domain. I wish the name had been bought by someone willing to reopen at least one high street store. I can't see much point putting the Woolworths name onto an existing online business. There is no continuity and it won't fool anyone!
Bitstring , from the wonderful person T said
The point is probably the brands (Chad Valley, Ladybird, etc.) which are not available any place else. I guess maybe you'll have online pic 'n' mix, but I doubt they've much of a hook there...
No. Not in the case of an asset with no liability attached to it. If someone had been prepared to buy the whole company, and take on its liabilities, then it would have almost certainly gone for a pound.
Yes, but then I never bought anything from my local Woolworths in the last
10 years, and I don't know anyone else who has either. That's why they're not here anymore.
An old age pensioner being interviewed on the local radio on the announcement of Woolworth closing "It's a shame they are closing, I used to shop their as a young girl" Says it all really.
Shops full of cheap 'tat' that could be bought cheaper elsewhere.
I did in the last 30 minutes - a large pile of childens DVDs for peanuts, which I gave to my nephew.
I used to use Woolworths occationally. It used to have a good isle of electrical bits and pieces, which was handy in the high street rather than having to drive out to one of the DIY sheds. That good selection gradually drindled to just a shelf of light bulbs. Meanwhile, the likes of Wilkinsons took over much of that trade which had traditionally gone to Woolworths.
I don't think their demise was inevitable -- it was entirely of their own doing.
We found woolies very useful for cheap childrens' clothes.
And where would you go for clothes for expensive children?
ObGrammar: It should be "children's".
Oh boy, a grammer lesson on uk.finance! Do I have to do 1000 lines. teacher?
Makes a change from arithmetic, eh?
I think you mis-spelled a comma there.
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