BGN Entrepreneur

Woolwoths went into administration with £385m of debt last year, at a cost of 27000 jobs. Now, it is in line for a return to the High Street.
Retail firm Shop Direct, which was once knew as Littlewoods, bought the brand name for 7m earlier this year and is now seeking franchisees to run up to 200 new stores. The group owned by the secretive Barclay brothers, is expected to compete with stores opened in the wake of Woolworths’ demise.

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