The administrators of Poundworld, Deloitte, have announced that the retailer’s distribution centre operations will be closing on Friday 20 July.
They also announced the closure of a further 78 stores, which will see 907 employees lose their jobs when the stores shutter on either Thursday 26 July or Sunday 29 July.
Further to this, the balance of 112 stores are scheduled to close by 10 August. Employees will be informed directly as to the exact date of individual closures, which will ultimately result in the redundancies of 1,432 employees.
The business originally operated from 335 stores and employed around 5,100 people.
Discussions will continue between the administrators and interested parties for the potential sale of parts of the remaining business.
The administrators previously announced:
– The closure of 25 stores, announced 10 July 2018 (242 redundancies)
– The closure of 80 stores, announced 13 July 2018 (1,024 redundancies)
– The closure of 40 stores, announced 17 July 2018 (531 redundancies)
Clare Boardman, joint administrator, said: “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 19 July 2018) – to close on 26 or 29 July
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