Official: Woolies to close in 19 days

MCV Staff 17th December 2008 Retail

The death knell has rung for Woolworths – with administrators Deloitte confirming that all 807 remaining stores will be closed down by January 5th.

The first stores will close on December 27th – and in more sad news for the firm, all 27,000 permanent and temporary staff will lose their jobs.

Neville Kahn of Deloitte said the administrators were still talking to a number of parties over the sale of Woolworths’ stores.

According to the BBC, Kahn said 300 stores were under offer from food, clothes and value businesses looking to take over individual locations.

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