5,100 jobs at risk as Poundworld enters administration

Value retailer Poundworld has become the latest retail casualty as it announced it has entered administration, putting more than 5,100 jobs at risk. Deloitte has been appointed to handle the administration process after last-ditch rescue talks with buy-out firm R Capital broke down. Wakefield-headquartered Poundworld, which has 5,100 workers and 355 stores across the UK, is owned by TPG Capital.

Chris Edwards, Poundworld's founder, has now said he is considering buying back some of the discou... 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...

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