TPG puts Poundworld up for sale after ditching rescue plan
The owner of discount retailer Poundworld has but the business up for sale after deciding not to pursue a rescue plan.
Last month, it was revealed that up to 1,500 jobs could be at risk as the retailer was understood to be planning the closure of more than a quarter of its 355-store estate as part of a restructuring plan.
However, it is now understood that the process has now been put on hold by US owner TPG after it received expressions of interest in the company.
According to reports, TPG has instructed Deloitte to find a b... 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...
