business
Poundworld is Saved From Death

At he end of last month it was revealed Poundworld would be closing down all of its remaining stores, after failing to secure a buyer following financial woes and a descent into administration. But it looks like the company is set to be saved after all, with Irish retail family the Hendersons stepping in to buy out the UK's best performing Poundworld stores. Read More >>

business
So Long Poundworld, it’s Been Fun

Last month we first heard that Poundworld was struggling and seeking a buyout. Then those hopes were quashed and the company was forced to enter administration, putting thousands of jobs at risk. Now, sadly, the company has confirmed it will be closing down its remaining stores by the 10th August. Read More >>

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 >>