Woolies 'to appoint administrators'
Struggling high street store Woolworths is to appoint administrators, it has been reported.
It is understood Deloitte will act as administrator for Woolworths' retail division and distribution business after shares in the ailing firm were suspended this morning.
Woolworths' publishing joint venture with BBC Worldwide, 2 Entertain, will not be placed into administration, according to the Daily Telegraph report.
