German Woolies Files For Insolvency

DWW Woolworth GmbH & Co., has filed for insolvency at a Frankfurt court according to media reports.

The company, founded by US retailer F W Woolworth in 1926, went on to enjoy great success invading Poland and most of Europe selling everything from the ever popular joke Hitler moustaches, My Other Tank Is A Sherman T-Shirts to Replica 1966 World Cup Losers Medals.

Company spokesman M Bormann said that he didn't want to file for insolvency, but he was only obeying orders.