Wed, 10/12/2008 - 14:40
Speculation is mounting that Woolworths high street stores could hold a closing down sale within days, as administrator Deloitte struggles to find a buyer for the stricken retailer. The administrator Deloitte would not comment, but the Financial Times reported that the complexity of the group’s leases – which are held by...
Wed, 10/12/2008 - 09:31
Entertainment UK's administrator Deloitte has refused to comment on reports that the distributor could cease trading as soon as this week, following its administration two weeks ago. EUK recommenced book supply late last week, with one delivery of books to Tesco and Morrisons.
Deloitte is believed to be still wading through...
Wed, 10/12/2008 - 08:16
Sir Geoff Mulcahy, who bought Woolworths in 1982 and ran it for nearly 20 years, is targeting around 500 of the company's 800-plus stores after it collapsed into administration last month, reports the Sun. But the piece adds, the future of Entertainment UK, is more uncertain and faces liquidation "within days" with significant...
Mon, 08/12/2008 - 08:15
Woolworths is "increasingly unlikely" to be sold as a going concern, according to three potential bidders for the failed variety retailer, reports the FT.
Would-be bidders have voiced concern about inheriting empty stores, particularly since Woolworths' wholesale arm, EUK, which is also in administration, is struggling to...
Fri, 05/12/2008 - 11:50
EUK has begun supplying books to its supermarket customers, but publishers have not yet agreed for fresh stock to be sent to the EUK distribution depots. Ian Hudson, speaking as Publishers Association president, said EUK's staff were "picking and packing books", but declined to go into further details, including what terms had...
Fri, 05/12/2008 - 11:45
Deloitte has announced "a number" of redundancies at Woolworths but said the high street stores, distribution centres and EUK will be unaffected.
In a statement released this afternoon, Deloitte said it had "today announced a number of redundancies in the company's support operations at Marylebone Road, London and...
Fri, 05/12/2008 - 07:40
Richard Branson's Virgin Group is the latest company to be caught up in the collapse of Woolworths, according to the Financial Times, because of its connections with Zavvi, which was supplied by EUK. The news emerged at Retail Week reported that desperate attempts were being made to provide a payment guarantee on behalf of EUK,...
Thu, 04/12/2008 - 15:23
The collapse of EUK into administration just before Christmas is the worst crisis to hit the trade since the demise of Dillons in 1995, but there is still much to play for.
The Publishers Association has moved swiftly to set up a crisis committee, led by its president Ian Hudson, to represent all the big publishers and distributors. Thus...
Thu, 04/12/2008 - 11:48
EUK made a one-off delivery of J K Rowling's Harry Potter spin-off The Tales of Beedle the Bard earlier this week, ensuring supermarket customers including Tesco and Sainsbury's were fully stocked for today's launch.
Bloomsbury told The Bookseller earlier this week that it was "confident" delivery...
Thu, 04/12/2008 - 10:58
Entrepreneur Theo Paphitis, who stars in the tv series Dragons’ Den, has pulled out of talks to buy troubled retailer Woolworths, according to BBC News Online.
Paphitis was reported to have been working on a plan to rescue some of the chain’s more profitable stores. He was also thought to have wanted to preserve the...