Byline: Jessica Hodgson
Jan. 30--Private equity group Apax Partners is considering a leveraged buyout of UK retailer Woolworth, The Business can confirm.
The private equity group is running a slide-rule over the company -- among the worst-hit of UK retailers over Christmas -- but has yet to decide whether to table a bid.
Earlier this month Woolworth, which has struggled to reposition itself since its demerger from former parent Kingfisher, reported flat Christmas trading at its main stores, with sales at its MVC music shops down nearly 5 percent.