Date:28/11/2008 URL: http://www.thehindu.com/2008/11/28/stories/2008112857791600.htm
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Business

Woolworths says close to bankruptcy


LONDON: British clothes-to-confectionery retail group Woolworths said on Thursday that it was close to bankruptcy as it appointed financial services group Deloitte as independent admistrators to try and save the business and its 25,000 employees.

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