Tag Archives: hilco

Who, if anyone, will buy GAME?

Leading financial and retail experts are all eyeing up a move for GAME Group. But as-of-yet only one has made a firm offer. Some GAME rivals have even readied funds in preparation of a possible administration – with the firm’s 19.4m loyalty card database and GAME.co.uk domain amongst the targets. …

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Hilco and OpCapita linked to GAME acquisition

As stated by MCV yesterday, the widespread belief that GameStop will swoop to acquire part or all of GAME could yet prove wide of the mark. Although GameStop can still confidently be regarded as the front-runner, The Financial Times has named two other would-be suitors – Hilco and OpCapita. Hilco …

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Woolies to slash ALL prices by up to 50% tomorrow

Woolworths administrator Deloitte has told MCV that the retailer will launch its ‘Biggest Ever Sale’ tomorrow – with discounts of up to 50% on all goods. Deloitte said in a statement: ‘We anticipate increased footfall in the stores and have hired additional staff to cope with increased demand. Additional goods …

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Woolworths headed for insolvency?

Woolworths is ‘a few desperate hours of negotiation’ away from administration. That’s according to The Times, which quotes sources saying ‘administration is the most likely option as the retailer scrabbles to find sufficient funds to pay its monthly wage bill’. However MCV can confirm that the chain’s games buying team …

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Woolworths shares suspended

Trading in the shares of the Woolworths Group has been suspended on the London Stock Exchange. The company said trading would resume once it had announced whether it would be selling its BBC show distribution service and its chain of retail stores. In a statement, the firm’s Board also confirmed …

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Woolworths denies plan to shut down site

Woolworths has rubbished reports that it is planning to shut down its retail website. Retail Week reported earlier today that the chain was to stop selling toys online – and that it was eventually planning to take down the site altogether. However, a spokesperson told MCV: Reports that we are …

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New rescue deal could save Woolies from administration

The company looking to snap up Woolworths for 1 seems to have revised its deal following emergency talks over the weekend. According to The Daily Mail, Hilco still wishes to buy Woolies’ 840 High Street stores for a nominal 1. However, the company is thought to have tabled a last-ditch …

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Woolworths in turmoil after ‘scavenger’ bid

It’s been another eventful day for Woolworths, as the Financial Times labels the company trying to buy the retailer for 1 a ‘scavenger’ – and Woolies’ biggest shareholder spits feathers over the potential deal. Shares in the company plunged to an all-time low yesterday on news of Hilco’s takeover attempt. …

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Woolies selling up for £1?

The Woolworths Group has confirmed that it is in talks over a possible sale of its retail business. The firm has not identified potential bidders, but The Times reports that it is considering a sale to turnaround specialist Hilco for a nominal 1. Woolworths, which has been on the High …

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