Chronicles Of Depression 2.0: #420: Woolworths

Woolworths poised to sell 800 stores to American company for just £1

Woolworths could sell its 800 high street stores for just £1 to a US company that specialises in takeovers of distressed businesses.

Just weeks after arriving as chief executive, Steve Johnson has opened talks with Hilco about a deal that would offload the shops and allow Woolworths to focus on its 2entertain and EUK media and distribution businesses.

Emphasis added by me.

There’s a chart there for the stock value. I’ve been watching CNBC for almost the past hour. Chart after chart for company after company looks just like that one. Down down down.

Explore posts in the same categories: C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Self-Defense, Depression 2.0

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