Update: Deloitte has released closing dates for all of Woolworths' stores while former Woolies boss Sir Geoff Mulcahy will today talk with Ardeshir Naghshineh, the company's biggest shareholder, about a possible 11th hour rescue plan for the pick and mix retailer.

Mulcahy, who described Woolworths administrator Deloitte’s handling of the process as “disgraceful”, will meet Naghshineh to discuss possible options. It is understood Naghshineh had been in discussion with the office of Lord Mandelson, the Business Secretary, to secure bailout funding for Woolworths.

Deloitte said last week that all of Woolworths’ 807 stores would cease trading by January 5, with the loss of more than 27,000 jobs. (See the full list of store closure dates under resources, right)

Meanwhile, Woolworths Group is today expected to meet executives from BBC Worldwide for talks about the sale of Woolworths’ stake in 2entertain, the retailer’s publishing joint venture with the broadcaster.

BBC Worldwide offered£40 million for Woolworths’ 40 per cent stake in 2entertain late last week. 2entertain is one of the only parts of the Woolworths empire that is not in administration.

In a statement today, Woolworths noted the speculation regarding the sale of its 40 per cent interest in 2entertain. It said discussions remain ongoing but no terms have yet been agreed.

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