Woolworths’ administrator Deloitte said it has had ‘strong interest’ for
Woolworths’ 815 stores from potential byers across Britain leading up to the 4pm
deadline today for registering their interest.
Deloitte said it was continuing talks to sell Woolworths as a going concern
and that, ‘a number of parties’ were interested in buying the whole firm.
understands it is unlikely any buyer will take on the entire business. Instead
they will only be interested in buying the most profitable stores, which would
leave a number of shops to be sold to other buyers.
Woolworths’ CD, DVD and computer games distribution business Entertainment UK
is also in administration but publisher 2 Entertain, its joint venture with BBC
Worldwide, in which Woolworths has a 40% stake, continues to operate as normal.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies