Iceland agrees to take over 19 Poundworld stores as Henderson deal falls through

Frozen food specialist Iceland has agreed in principle to take on 19 empty Poundworld stores.

The news comes after it emerged Poundworld’s withstanding deal with the Henderson family fell through.

Poundworld fell into administration in June and closed the last of its 335 stores earlier this month.

On August 9, the Henderson family revealed they planned to bring the company back to profit by acquiring as many as 50 units and the Poundworld brand name, but the deal was never closed.

Now the leases on many of the stores have been returned to landlords.

“We had an agreement in principle, but the sale didn’t go through,” a spokesperson for Deloitte said.

“Following the closure of all stores, the administrators are actively seeking offers for the sale of the Poundworld brand and related intellectual property,” they added.

Iceland has agreed in principle to acquire 19 of Poundworld’s stores, with four earmarked to become Iceland’s Food Warehouses.

If the deal is completed, the remaining 15 will become regular Iceland stores.

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