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Final Woolworths' closures loom Final Woolworths' closures loom
(about 7 hours later)
The final closure of the remaining 200 stores of High Street chain Woolworths will take place on Tuesday, the firm's administrator Deloitte has said.The final closure of the remaining 200 stores of High Street chain Woolworths will take place on Tuesday, the firm's administrator Deloitte has said.
Most of its UK stores have already shut with at least 150 of the 807 outlets ending trading on 30 December.Most of its UK stores have already shut with at least 150 of the 807 outlets ending trading on 30 December.
Another 200 stores opened for the final time on Saturday morning after a one-day reprieve by administrators.Another 200 stores opened for the final time on Saturday morning after a one-day reprieve by administrators.
Woolworths went into administration in November with debts of £385m, and Deloitte was unable to find a buyer.Woolworths went into administration in November with debts of £385m, and Deloitte was unable to find a buyer.
It is now continuing negotiations to sell off individual stores.It is now continuing negotiations to sell off individual stores.
The chain - which opened its first UK store in Liverpool in 1909 - is the most high-profile UK High Street casualty of the economic downturn.The chain - which opened its first UK store in Liverpool in 1909 - is the most high-profile UK High Street casualty of the economic downturn.
The firm's collapse left 27,000 workers facing redundancy.The firm's collapse left 27,000 workers facing redundancy.
Deloitte has held talks with other retailers to take on the leases of around 300 Woolworths stores and hopes to sell off the Ladybird children's clothes and Chad Valley toys brands.Deloitte has held talks with other retailers to take on the leases of around 300 Woolworths stores and hopes to sell off the Ladybird children's clothes and Chad Valley toys brands.

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