The administrators of Poundworld, Deloitte, have announced a further 80 store closures, in addition to the closure of 25 stores announced on 10 July 2018.
The shuttering of these 80 stores will be phased from Friday 20 July to Sunday 22 July, reducing the number of open stores to 230.
According to the group the closure of these stores will not impact the potential sale for part, or parts, of the remaining business, with discussions continuing with interested parties.
Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the Company on 11 June 2018.
Clare Boardman, joint administrator, said: “Whilst we remain hopeful that a sale for part, or parts, of the business can still happen, it has not been possible to sell the business as a whole. We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”
List of store closures and redundancies (announced 13 July 2018)
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