Poundworld to shut 80 shops

The Herald - - NEWS -

AD­MIN­IS­TRA­TORS are to shut 80 more Poundworld stores, re­sult­ing in 1,024 job losses at the col­lapsed dis­count re­tailer.

Deloitte, which is over­see­ing the process, has strug­gled to sell the busi­ness as a whole but said the lat­est raft of clo­sures will not af­fect a po­ten­tial deal for the re­main­ing busi­ness.

The ad­min­is­tra­tor said dis­cus­sions with in­ter­ested par­ties are on­go­ing and “will con­tinue to progress” over the coming days.

The 80 stores will all close over next week­end.

It will leave Poundworld with just 230 branches.

The news fol­lows an­nounce­ments made ear­lier this month over the shut­ting of 25 stores with 242 staff out of work.

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