A deal for the purchase of the Woolworths brand is imminent, but Woolworths’ former stores chief Tony Page’s hopes to acquire the brand are dashed.
Woolworths administrator Deloitte is locked in talks this evening with an unknown buyer, with a deal likely to be secured this weekend.
Page had secured backing and made an offer to Deloitte two days ago for the Woolworths brand. However, he was told that another bidder had made a higher offer.
Page said: “I’m gutted. I wanted to re-open some stores, buy the remaining stock and save some of the jobs which have been lost.”
He added: “I’m hugely deflated and just hope that whoever does buy the Woolworths brand will want to revive it in some way.”
Woolworths collapsed into administration before Christmas, and all the stores closed at the beginning of this month.
Page had secured backing and made an offer to Deloitte two days ago for the Woolworths brand. However, he was told that another bidder had made a higher offer.
Page said: “I’m gutted. I wanted to re-open some stores, buy the remaining stock and save some of the jobs which have been lost.”
He added: “I’m hugely deflated and just hope that whoever does buy the Woolworths brand will want to revive it in some way.”
Woolworths collapsed into administration before Christmas, and all the stores closed at the beginning of this month.
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