Frankfurt - crisis, and no end. Now it has taken the next big companies. The Billigkaufhauskette Woolworth Germany has made a bankruptcy petition. That said, the Frankfurt district court.
11 000 Woolworth employees fear for their job now. Woolworth operates 323 branches in Germany. The new head of the chain, Stefan Rohrer had abandoned in April after only four weeks in office. One of the reasons he had not made any claims.
The company is owned by British financial investor Argyll.Noch in February, the then-chief Robert Woolworth crushing spoke of opportunities in the economic crisis. "We are stable," was breaking at that time.
Woolworth Germany is independent of the already defunct British group. 27,000 people lost their jobs early this year.
