Woolworths’ suitor set to sweeten £1 deal for shops

Hilco, Woolworths’ suitor, has sweetened the terms of its £1 offer for the company’s retail division, keeping crisis talks over the company’s fate alive.

Zavvi creditors call in Ernst & Young as Woolworths fallout spreads wider

Creditors of Zavvi have parachuted an emergency restructuring team from Ernst & Young into the struggling high street retailer, which previously traded as Virgin Megastores.

Woolworths down to its last days in Britain

The venerable retailer had long been a fixture on England's streets, but changing times have left it bankrupt. Before the arrival of Wal-Mart, before the anything-for-a-pound stores, there was always good ol' "Woolies."

Woolworths may plunge into a retail bucket

If Steve Johnson wondered what he had let himself in for by agreeing to be the new chief executive of Woolworths, it was laid bare yesterday. According to one City analyst, he has no choice but to rip up the group's tried-and-tested model and become a bucket shop.

Woolworths rejects offer by Iceland chief Walker

Woolworths has rejected a surprise offer to acquire its retail division by Malcolm Walker, chief executive of the frozen food specialist Iceland.

Woolworths angers shareholders by rejecting Iceland founder's approach

Woolworths faces a showdown with its biggest shareholders after the ailing retailer rejected a takeover approach for its 815 stores yesterday from Malcolm Walker, the founder of the Iceland frozen-food chain.