Shop Direct, which also owns Littlewoods and Choice, will launch Woolworths online this summer after a deal was reached for an undisclosed sum.
Before Woolworths went into administration it had invested heavily in its web offer. The store had a range of around 300,000 products online and customers had the ability to browse the site in-store.
Woolworths went into administration in November with debts of £385m, closing over 800 stores across the country after failing to find a buyer.
Over 30,000 Woolworth employees lost their jobs due to the closure, only a small number of them are expected to get them back when the company is relaunched online.
Shop Direct itself announced last week a large round of redundancies, affecting over 1,150 employees, mainly in its customer call centre in Crosby.
Details of the Woolworths online product range are expected within a number of months, however it is known that Shop Direct plans to revive Woolworths' children's clothing label Ladybird.
The Barclay brothers also own the Telegraph Media Group.
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