When is the last time you saw a Woolworth store? They’re still thriving in Mexico. In Acapulco a few years ago, I saw Woolworth stand-alone restaurants that appeared to be competitors of VIPS. Not surprising, given that Woolworth was the largest restauranteur in the U.S. until it was overtaken by McDonald’s.
The stores have a special meaning for me because I worked for the company for 15 years in Canada and the U.S., and in 1992, I was offered the position of Chief Financial Officer of the Mexican company. Instead, I lost all my money producing independent films.