Irish retailing family step in to save Poundworld
Poundworld UK is set to be purchased by Dublin retailing family, the Hendersons, who opened Ireland’s original Poundworld store in 1984.
David Henderson confirmed their offer for the Wakefield-headquartered firm had been accepted by administrators Deloitte to purchase the best and remaining stores for an undisclosed sum.
Poundworld UK, which was bought by US TPG Capital in 2015 for £15m, collapsed into administration in June, closing over 250 stores and resulting in the loss of 4,000 jobs.
However, the proposed deal would... 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...
