Jobs fears as Poundworld to axe up to 100 stores
Up to 1,500 jobs could be at risk as discount retailer Poundworld is understood to be planning the closure of more than a quarter of its 355-store estate.
Poundworld, which has its headquarters in Normanton and is owned by American buyout titan TPG Capital, is expected to announce proposals for a Company Voluntary Arrangement next month.
If the CVA plans go ahead, it is thought that around 100 shops across the country may be shut.
In total, Poundworld employs about 5,500 people.
Poundworld started in 1974 as a market stall... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
