Hopes to rescue Poundworld from leaving the high street have been dashed.
The Works has made its debut on the stock market today, trading on the London Stock Exchange with an offer price of 160p.
Hopes are beginning to fade for beleaguered discount retailer Poundworld to be rescued.
Over 1000 jobs are set to be slashed at Poundworld as its administrators have announced another 80 store closures.
Wilko has poached Specsavers retail director Craig McGregor to take on the same role in the latest in a string of appointments.
The Works has announced a successful pricing of its IPO on the main market of the London Stock Exchange.
B&M has reported an 8.3 per cent rise in revenue growth in its core British market for the first quarter.
Poundworld’s administrators have announced the closure of 25 stores placing hundreds of jobs on the chopping block.
The Original Factory Shop has had its CVA approved by creditors, which will see the closure of around 10 per cent of its stores.
The founder of Poundland is reportedly considering a return to the high street with a takeover of beleaguered rival Poundworld.