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11 Jun 18
09:36
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02 Mar 08
Discount retailer Poundworld is expected to appoint administrators, putting 5,100 jobs at risk.
Talks with a potential buyer R Capital have collapsed meaning that the chain felt it had no other
option but to put the company into administration.
Poundworld, which has 355 stores, and serves two million customers a week, also trades under
the Bargain Buys brand name.
Deloitte is expected to be appointed to oversee the administration.
It will be hoping to sell the business as a going concern.
A formal administration announcement will be made at 10am when the court opens.
bbc.co.uk
Talks with a potential buyer R Capital have collapsed meaning that the chain felt it had no other
option but to put the company into administration.
Poundworld, which has 355 stores, and serves two million customers a week, also trades under
the Bargain Buys brand name.
Deloitte is expected to be appointed to oversee the administration.
It will be hoping to sell the business as a going concern.
A formal administration announcement will be made at 10am when the court opens.
bbc.co.uk
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Well done to the clown on radio 5 earlier musing that poundworld are more sensitive to fluctuations in the pound and its lower now than it was before the referendum.
Ergo bloody brexit innit |