Money Nut

The Woolworths brand has been bought by an online retailer, and will be relaunched as a web brand. Since going into administration in November, all of there stores (over 800) have closed, after struggling with debts of £385million.

Their clothing brand, Ladybird, for children, will also be reborn online. The brands are being bought by Shop Direct Group, formerly known as Littlewoods Home Shopping.