Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
London - British retailer Woolworths will close all its stores at the start of next month, affecting some 27 000 staff, administrators for the century-old chain said on Wednesday.
The retailer, which filed for administration at the end of November, launched a closing down sale last week as administators struggled to find buyers for the chain, which is a British high street institution.
Some 200 of its 807 stores will close by December 27, followed by 200 more on December 30, 200 on January 2 and the remaining shops on January 5, said accountancy firm Deloitte, which is tasked with winding up Woolworths' affairs.
The move will affect 22 000 permanent staff and 5 000 temporary workers, although some will be kept on for a short period, it added.
Other retailers have expressed interest in some 300 Woolworths stores, it added, confirming the closure plans after failing to secure a buyer for the business.
- AFP