Posts Tagged ‘MFI’
Woolworths Facing Bankruptcy
Friday, November 28, 2008 9:21 1 CommentAs furniture chain MFI battled for survival, a news comes that shares in Woolworths were suspended at 1.2p on the stock market this morning as bosses faced a race against time to trash out a rescue plan.
Woolworths is in desperate need of a cash injection and is said to be struggling to pay the wages. [...]
MFI, on Brink of Collapse
Friday, November 28, 2008 8:38 No CommentsThe furniture chain MFI, which is one of the UK’s best-known retailers is on the brink of collapse today, leaving more than 1500 workers in 110 stores across the UKfearing for their jobs.
The crisis at MFI has been caused by poor sales and a row over rents. The company’s position as market leader was hit [...]
