Summary
THEY were sustained by Marks & Spencer sandwiches and Woolworths pick 'n' mix sweets. It was the early hours of Wednesday morning, and it seemed there was still a chance - a slim chance - that Woolworths, the retail chain that has adorned British High Streets for the past 99 years, might just be saved.
As lawyers, accountants, bankers and businessmen sat around tables in meeting rooms at Woolworths' imposing 1950s offices overlooking Marylebone Road in West London, they knew that the task of finding how Woolworths might escape the crushing burden of its debts was going to a challenge. But it was do-able.See the full content of this document
Extract
The Last Hours of Woolies ; City Focus
And they were under pressure from Whitehall to try to strike a deal.
Hours earlier, at around eight on Tuesday evening, a call had come into the Woolworths offices.It was from Baroness Vadera, the formidable and sharp-elbowed minister at L...See the full content of this document
Sponsored links
