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EUK bemused by Woolworths board's timing.
Two of the year's biggest music releases go on sale today (Monday), as retailers continue to come to terms with the collapse of EUK and Woolworths Retail.
The Woolworths board took the decision late last Wednesday to appoint administrator Deloitte to oversee distributor EUK and Woolworths Retail after talks to sell Woolworths' retail arm failed. Deloitte said that the company had suffered "a number of cash flow problems".
The move follows a rocky period for Woolworths Retail that has ultimately impacted on the rest of the business, with record companies and other EUK suppliers struggling to secure credit insurance for their goods in light of the parent company's problems.
However, the Woolworths Group itself is not in administration, nor is 2Entertain, Woolworths' joint venture company with BBC Worldwide (and parent company of catalogue ...
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