Monday, November 24, 2008

The wonder of Woolies

When I heard that Woolworths was for sale at the bargain price of just £1, I was tempted to pop down to my local store and outbid the restructuring specialist rumoured to take over the legendary high-street chain. I reckoned £1.50 might do it, but I was prepared to go up to two quid.

Unfortunately, there's some small print. You have to be prepared to take on around £300m in debt. Given the current credit crunch - and what with Christmas coming up and everything -that's more than I want to take on at the moment.

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