Microsoft will sue over Woolies stock
Retail closure leaves Redmond out of pocket
Closing former UK high street giant Woolworths will be sued by Microsoft, who accuse the bankrupt retailer of effectively taking millions of pounds of videogame stock. We assume this means consoles and games.
According to The Times, Woolworths still have millions of pounds worth of Microsoft's stock in their warehouses, even while the chains store are shutting up shop.
"Under 'retention of title' rules, suppliers can claim back their own stock if it has not been paid for but, more broadly, they can claim stock that has been paid for in lieu of debts," we're reliably informed by the latest word in the British press on this.
A UK household name, Woolworths has been the most prominent casualty of the so-called credit credit crunch, with the last remaining stores closing down this week.
