arista
24-01-2024, 03:03 AM
A German brand owns the name
and has Woolworth stores doing well in Germany
[Once loved for its pick 'n' mix sweets
and bargain prices, Woolworths stores
could return to the UK.
In 2009 when its British shops closed
after the financial crisis,
the brand in Germany,
where it is known as Woolworth,
was saved by HH Holding.
Current HH Holding chief Roman Heini
says the UK is on his "bucket list"
of destinations as he seeks to
expand internationally.
It comes as Wilko, which filled the gap
left by Woolworths, collapsed in 2023.
Mr Heini - who has worked in
executive positions in both Aldi and Lidl
and has been Woolworth chief executive
since 2020 - told trade magazine
Retail Week that despite the challenges
of a cost-of-living crisis he had the
opportunity to
"make Woolworth great again".
Affectionately known as "Woolies",
if the brand were to return to UK High Streets
it is unclear how it would be spelt.
Woolworth Germany told the BBC:
"The brand name 'Woolworth' (without the 's')
is owned by us throughout Europe.
Should we ever plan to return to the UK,
we would scrutinise the naming rights
to minimise the risk of confusion.
A transfer of rights could help if necessary."]
https://www.bbc.co.uk/news/business-68068503
and has Woolworth stores doing well in Germany
[Once loved for its pick 'n' mix sweets
and bargain prices, Woolworths stores
could return to the UK.
In 2009 when its British shops closed
after the financial crisis,
the brand in Germany,
where it is known as Woolworth,
was saved by HH Holding.
Current HH Holding chief Roman Heini
says the UK is on his "bucket list"
of destinations as he seeks to
expand internationally.
It comes as Wilko, which filled the gap
left by Woolworths, collapsed in 2023.
Mr Heini - who has worked in
executive positions in both Aldi and Lidl
and has been Woolworth chief executive
since 2020 - told trade magazine
Retail Week that despite the challenges
of a cost-of-living crisis he had the
opportunity to
"make Woolworth great again".
Affectionately known as "Woolies",
if the brand were to return to UK High Streets
it is unclear how it would be spelt.
Woolworth Germany told the BBC:
"The brand name 'Woolworth' (without the 's')
is owned by us throughout Europe.
Should we ever plan to return to the UK,
we would scrutinise the naming rights
to minimise the risk of confusion.
A transfer of rights could help if necessary."]
https://www.bbc.co.uk/news/business-68068503