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You are here: Home | News | Woolworths in talks to sell retail division

Woolworths in talks to sell retail division

Wednesday November 19th 2008

Woolworths has confirmed this morning that it is in talks about a possible sale of its retail business.

The statement from the troubled pick an

d mix retailer did not identify who it was talking to, but speculation around the city puts turnaround specialists Hilco in the frame. The sale price could be a nominal £1.In August Woolies froze out a takeover bid for its 815 stores from Malcolm Walker.

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