Dragons’ Den star Theo Paphitis is one of several potential
bidders for Woolworths according to some reports. The Sunday Times and The Sunday Telegraph newspapers claim Theo
Paphitis met with the administrators dealing with Woolworths in London on Friday.
Known for his investments and straight talking in BBC’s Dragons Den,
Mr Paphitis has found his fortune in several companies, including stationers Ryman and Partners and the La Senza
lingerie chain.
Woolworths’ retail activities went into administration on Wednesday last week, with over 30,000 jobs
being put at risk. If Theo wants to add this brand to his list of businesses, he will have to battle it out as it is thought
that up to 10 other groups or individuals are also interested in a takeover.