Why does the Jersey branch of Woolworths owe £160m to GMAC?

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Thank goodness some people in Jersey can still ask awkward questions.

And that some want to hold the local profession to account.

Good work here by Mike Dun.

After all, why does the local charge of Woolworths owe £160m to GMAC, so removing almost any chance of a proper payout to local suppliers, or decent compensation to Jersey staff?

It’s a fair question — because the debt clearly did not arise there.