Retail corporate financier and private equity firm Argyll Partners’ investment in Woolworth Deutschland has turned sour as the German retailer plunged into administration.Argyll, one of the best known retail finance boutiques, bought into Woolworth Deutschland 18 months ago but the store group was hit by poor Christmas trading, competition from discounters and poor liquidity. About 11,000 jobs are now at risk.Argyll has been involved in many high profile and successful retail de
17 April 2009
Argyll Partners takes hit on Woolworth Deutschland
Retail corporate financier and private equity firm Argyll Partners’ investment in Woolworth Deutschland has turned sour as the German retailer plunged into administration.Argyll, one of the best known retail finance boutiques, bought into Woolworth Deutschland 18 months ago but the store group was hit by poor Christmas trading, competition from discounters and poor liquidity. About 11,000 jobs are now at risk.Argyll has been involved in many high profile and successful retail de
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