It was about 12 months ago we witnessed the collapse of an iconic brand on our high street, Woolworths. Yes, it was a retailer we all grew up with and it held fond memories for many of the British public but looking at the harsh reality it was never going to survive.
We all talked fondly of it but we never went, never bought anything and the world had moved on. In the last year I have not once thought, damn if only “Woollies” was still open. Have you?
Woolworths went before the affects of the credit crunch had really kicked in and I doubt very much it would have survived any restructuring as its management seemed completely out of touch with the retail business and customer’s needs.
The company had also been restructured, as had its finances prior to this particular crisis.
So what happens one year on, the two individuals who managed the fiasco, Steve Johnson the former CEO and Richard North the former Chairman, come out and blame the Administrators?
Absolutely unbelievable!
These two bozos were in charge when they ran the business aground for the second time; they are the ones who couldn’t make it pay even in the good times. In my opinion they are the ones that killed the iconic brand but they did it slowly over a number of years through ineptitude.
To come out and try to make out that that the collapse was down to Deloitte who were appointed Administrators is pathetic. If the dynamic duo of Johnson and North hadn’t screwed up so royally nobody would have been appointed to sweep up their mess.
Surely these two should simply shut up about Woolworths and concentrate on not screwing up in their new jobs, that’s if anyone was daft enough to employ them. Someone has given Andy Hornby of HBOS a new job so there is hope for everyone, no matter how big your corporate cock up is.
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