je.st

Home › poundworld

Tag: poundworld

Poundworld on brink of administration putting 5,300 jobs at risk

The struggling discount chain, which has 5,300 workers and 355 stores. is on the verge of administration.

Talks with a buyer for the discount chain fall through, leaving just one serious potential bidder.

The chain's US owner postpones restructuring while it considers possible bids, the BBC understands.

The discount retailer is mulling a number of options, including a company voluntary arrangement.

US private equity firm TPG has bought bargain retailer Poundworld, which began as a market stall in 1974.

Sites : [1] [2] [3]