General Chat

i dont understand why it should be saved , who is going to pay to save it ?

I think it should be saved - it's a national institution

Commented to my good lady at the week-end that woolies share were one pence each.
Happy days

Woolworths' banks have been ordered back to the negotiating table to find a way to save the struggling retailer, by a senior government minister in the department run by Lord Mandelson.

It is understood a minister from the Department for Business Enterprise and Regulatory Reform (BERR) last night called John Varley, chief executive at Barclays, as well as the Bank of Ireland's Burdale divison and GMAC, to ask why the banks were pushing the 99-year old pic 'n' mix retailer into administration.

The fate of Woolworths hung in the balance before government ministers intervened, and this morning shares in the business were suspended as the company tried to wrap up talks to sell its 840 stores chain to Hilco for £1.

hard to imagine never seeing a Woolies again - they and MFI both employ thousands, my neighbour works for MFI - what a terrible Christmas these employees are going to have

A long way away from those celeb packed Woollie Christmas TV ads from a few years ago

sorry Linda - didnlt see this - have just posted the same along with MFI going under as well

Can't believe it, just heard on the tv that woollys has gone bust another era gone.
lynn