business
With Buyout Hopes Quashed, Poundworld Just Went into Administration

Everything is a pound, as the saying goes, and it looks like Poundworld might join the long list of businesses that went bust and got sold off for the price of a pair of slippers. After news that it was on the brink of administration last week, the news is now official. Buyout talks have failed, leaving the discount chain no choice but to hand over to administrators - putting 5,100 jobs at risk. Read More >>

business
Not Even Poundworld Can Thrive in Brexit Britain

Several years ago I remember reading something about how the recession meant discount shops like pound shops were doing quite well. When times are tough, people love the concept of "everything's a pound", which it was at the time. The problem is that even these trying Brexitty times are proving to be a bit problematic for them. Or rather it is for Poundworld, which is apparently on the verge of administration. Read More >>