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UK Store Iceland buys 51 Woolworths stores
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by mudricky | January 9, 2009 at 04:24 pm
262 views | 12 Recommendations | 1 comment
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The UK food retailer, Iceland has bought 51 Woolworths stores.
The stores are in the south of England.
Iceland first made an offer to buy all of Woolworths' 815 stores last August.
Frozen food retailer Iceland has bought 51 former Woolworths stores, and said it plans to create 2,500 new jobs.
The announcement comes just three days after the final 200 Woolworths stores closed their doors for the last time.
"We are confident we can help to support the local community in these towns who have lost a major High Street retailer in Woolworths," said Iceland.
Woolworths went into administration in November, but was unable to find a buyer to take on the company.
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Most RecentMost Recommended Comments (1)
at 16:31 on January 9th, 2009
Wow, this is great - I thought Iceland was having enough problems of their own, but I suppose they can't be doing too bad to buy these Woolworths shops.