Poundworld enters administration to put 355 stores at risk of closure

By Richard Hook2018-06-11T11:57:00

Discount retailer Poundworld has appointed Deloitte as administrators after talks with potential buyer R Capital collapsed.

Poundworld has 355 stores, including those under the Bargain Buys brand, and Deloitte said it will try to sell the business “as a going concern”. However, Poundworld has posted rising losses for the past two years, increasing to a £17.1m loss in the retailer’s latest annual results.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue