Administrators in talks with would-be Woolworths buyers

Administrators today said they remained in talks with a number of parties interested in buying British high street retailer Woolworths as a going concern.

Deloitte’s update came as 'Dragons’ Den' entrepreneur Theo Paphitis admitted he had not been successful with a proposal that would have seen the retention of the Woolworths name and acquisition of a large slice of the retail business.