1 December 2008 - British confectionery and snack foods group Zetar saw its shares drop by as much as 6.2% this morning after announcing that if Woolworths plc is placed into administration, the company could lose 3% of its turnover.
"Woolworth's represents approximately 3% of Zetar's turnover and the amount outstanding at the date of the administrator's appointment amounted to £970,000 (excluding VAT)", said Zetar.
Zetar also said that it is unclear how much of this sum is irrecoverable, however the company continues to trade as normal.