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Investment Forum - What haped to Woolworths?

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raysor, Feb 04 2012, 20:00
raysor, Feb 04 2012, 09:52

Investment Forum » General Discussion » What haped to Woolworths?

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Started by novice_trader Feb 24 2009, 13:52
novice_trader
Junior

Posts: 17
Feb 24 2009, 13:52
Has anyone heard anything about Woolworths recently? I looked on their site recently and it said they would be back shortly - but online only...?


raysor
Moderator, Team

Posts: 796
Feb 24 2009, 14:08
The Woolworths name was bought for an undisclosed sum from the administrators (along with the childrenswear brand, Ladybird) by Shop Direct. Shop Direct has the catalogue brands Kays and Marshall Ward.They also own Littlewoods.
Shop Direct is owned by the Barclay brothers who also own the Telegraph and the Ritz.
The Barclay brothers are fairly 'media shy' and live on the island of Brecqhou (near Sark in the Channel Islands).
They are joint 40th in the Sunday Times rich list with an estimated fortune of £1.7bn.

Last edit: raysor Feb 24 2009, 14:26
novice_trader
Junior

Posts: 17
Feb 24 2009, 14:41
Thanks very interesting! Quite intriguing to discover so many brands/companies are owned by one person/group!


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