Ex Woolies Boss Bids for Stores ; a Former Boss of Struggling Retail Chain Woolworths Is Reported to Be Bidding to Take Over More Than Half the Group's High Street Stores.

Summary

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A FORMER boss of struggling retail chain Woolworths is reported to be bidding to take over more than half the group's high street stores.

Yesterday, a national newspaper revealed Sir Geoff Mulcahy, who bought "Woolies" as part of a consortium in 1982, has asked administrators running the business if he can take on around 500 of its 813 branches. He would then form a team to run the business and pay off pounds380 million of debts.

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Ex Woolies Boss Bids for Stores ; a Former Boss of Struggling Retail Chain Woolworths Is Reported to Be Bidding to Take Over More Than Half the Group's High Street Stores.

Sir Geoff, who is c...

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