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Article: Woolworths axeman faces showdown; (1) TOUGH: Steve Johnson has been brought in to save the 99-year-old chain, but that could mean some staff at its London HQ will lose their jobs (2) CELEBRITY APPEAL: Kelly Osbourne featured in Woolworths TV adverts.
- Article from:
- The Mail on Sunday (London, England)
- Article date:
- August 17, 2008
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Copyright informationCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NEIL CRAVEN, LAUREN MILLS
Steve Johnson enjoys the final few days of his summer holiday, he may not Abe aware of a chilly welcome awaiting him at home. Iceland boss Malcolm Walker has penned a letter to the Woolworths board offering tens of millions for the beleaguered chain.
The offer, likely to be announced to the stock exchange on Monday, could scupper Johnsons chances of earning his ?9 million package before he even arrives at the head office on Marylebone Road, central London.
But the man given the task of rescuing the group, which also includes the supply businesses 2 entertain and Entertainment UK, may still get the chance to implement his sweeping ...
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