Woolworths Axeman Faces Showdown ; the Former Diy Hardman Picked to Save the Stricken Retailer Faces a Bid From Iceland Boss Malcolm Walker and a Supplier Revolt

Summary

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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 [pounds]9 million package before he even arrives at the head office on Marylebone Road, central London.

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Woolworths Axeman Faces Showdown ; the Former Diy Hardman Picked to Save the Stricken Retailer Faces a Bid From Iceland Boss Malcolm Walker and a Supplier Revolt

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 change...

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