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24-01-2024, 02:03 AM | #1 | |||
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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 |
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