Former Woolworths boss in store buyback plan

A Woolworths-style chain could return to Britain’s high street under plans by the failed retailer’s former boss to buy back its vacant stores, it was reported today.

Tony Page, previously managing director of the Woolworths store chain, is understood to have joined forces with ex-UBS banker Gareth Thomas to raise up to £10m (€11.4m) to snap up the old shops.