Woolworths resurrection on the cards

Ben Parfitt
Woolworths resurrection on the cards

Defunct UK retailer Woolworths could yet rise from the dead with the news that former MD Tony Page is negotiating with investors with a view to securing a £10m deal to buy up 200 of the chain’s former outlets.

The Times reports that Woolies’ former boss was last year involved in a failed attempt to buy the Woolworths name following the retailer’s collapse. As a result, if Page secures the necessary funding he will also have to find a new brand name for the once cherished chain.

Page claims that he will make changes to the doomed Woolworths model in an effort to make a success of the business, with coasts being kept to a minimum and head office staff numbers to be kept below 30.

Were a new retailer to emerge from Woolworths’ ashes it would hope to mirror the success of ‘Wellworths’, the Dorchester based former Woolies’ store set up by ex-employee Claire Robertson, which is reportedly proving to be a success.

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Tags: Retail , uk , new , woolworths , tony , page , reopen , resurrect

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