Woolworths Group plc to the Main Market - 28 August 2001
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The London Stock Exchange is delighted to welcome Woolworths Group plc on the occasion of its admission to the official list.
Household name Woolworths is a UK retailer focused on value-for-money clothing, toys, home and entertainment products,. The Group's main chain of stores accounts for 788 its 904 stores located throughout the UK.
Woolworths aims to tailor each of its stores to meet the everyday shopping needs of the area it is in. To achieve this, and to take advantage of the changes in retail trends, Woolworths Group recently launched two new retail formats - Big W and Woolworths General Store. As a result, Woolworths now offers a broader range of products across a more comprehensive range of store locations.
The company is a leader in UK entertainment wholesale distribution. Businesses included EUK, VCI, MVC and Streets Online.
Placing statistics:
Expected Market Cap - 504 million
For more information, please contact:
Sponsor - UBS Warburg.
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