Poundworld to close 25 stores
The administrators of Poundworld Retail have announced the closure of 25 stores across the country, cutting 242 jobs.
The Wakefield-headquartered retailer, owned by private equity firm TPG Capital, collapsed last month. This put 5,100 jobs across all sites at risk and later saw 100 people at its head office made redundant.
Deloitte, the firm's adminstartors, has now revealed that the 25 impacted stores will hold their last day of trading on Sunday 15 July 2018. Deloitte added: "This will unfortunately result in the red... 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...
