
Sick of reading bad news about the economy? Well there's one story this week that may bring a smile to your face. A former manager at the collapsed UK chain store Woolworths, was so determined to save the store where she had worked for 18 years, that she re-opened it with a new name.
Claire Robertson has renamed the store Wellworths and has secured investment on the grounds of the store's profitability under the Woolworths brand. She has even managed to re-employ 22 of the staff who lost their jobs when Woolworths went bust. It's rare to read good news about the credit crunch. But this story proves that with some creative thinking it is possible to bring a dead business back to life. It also shows that sources of finance are still available for start-up businesses in the UK. Let's hope more stories like this emerge from the gloom of the recession.