Wednesday, October 21, 2020

Poundworld: What went wrong (Part I)

Earlier this week, Poundworld officially fell into administration threatening 5100 jobs across 350 stores.

Poundworld could be saved by its founder Chris Edwards

Poundworld could yet be rescued by its founder Chris Edwards, who is considering rebuying part of the business.
Poundworld saved

Poundworld officially enters administration risking 5100 jobs

Over 5000 jobs are now in danger as Poundworld gets ready to appoint administrators after a failed sales process.

Poundland to complete “supercar-like” roll out of Pep&Co this month

Poundland is due to complete its “supercar-like” roll out of its fashion brand Pep&Co across 300 locations by mid-June.
Poundworld administration

5300 jobs at risk as Poundworld prepares to appoint administrators

Poundworld is reportedly on the verge of announcing it would appoint administrators, plunging 5300 jobs into uncertainty.
Poundworld creditors

Poundworld back under threat as rescue deal scrapped

Poundworld has been thrown back into danger of administration after the leading contender to acquire it pulled out of talks.

The Original Factory Shop sees credit insurance pulled

The Original Factory Shop has seen its credit insurance pulled by Euler Hermes follows news of planned stores closures.

Matalan sees positive full-year growth

Matalan has reported growing sales in its yearly results outperforming its larger department store rivals.
Poundworld rescue deal

Poundworld closes in on rescue deal

Poundworld is reportedly close to a rescue deal with Alteri Investors, with the deal likely to be announced next week.

Poundland attacks Boots for “overcharging” customers

Poundland has publicly slammed Boots for “overcharging” customers, launching a public campaign to highlight cost disparities.

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