finance

Poundworld to close 40 more shops with 531 job cuts



Another 40 Poundworld stores are set to close as administrators continue to seek a buyer for what remains of the business.

The discount store fell into administration in June, putting more than 5,000 jobs at risk, and Deloitte partners Daniel Butters and Clare Boardman were appointed to attempt to find a buyer for the company.

The latest announcement of store closures brings the total number of branches shutting down to 145, and takes the redundancy tally to 1,797.

The administrators said on Tuesday that discussions with interested parties for “the potential sale of part, or parts, of the remaining business” are ongoing.

Aberdeen

Ashton Under Lyne

Bangor

Belfast

Blackwood

Bury

Castleford

Chatham

Crystal Peaks

Doncaster

Dunfermline – 85

East Kilbride

Edmonton

Guiseley

Hull

Irvine

Irvine

Kettering BB

Middlesbrough

Newbury

Newcastle

Newport

Newtownards

Perth

Peterlee

Plymouth

Preston

Queensferry

Redcar

Robroyston

Rochdale

Rotherham Parkgate

Southend

Southport

St Helens

Sutton

Swindon

Tottenham

West Bromwich

Wigan



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