Aug 9, 2018

Poundworld brand could be resurrected

The Poundworld brand could be resurrected on some High Streets. A deal has been agreed in principle for Irish retail family the Hendersons to buy the Poundworld brand and the leases on some of the stores of the collapsed discount retailer. There will be no stock associated with the proposed deal, so if the stores re-open under the Poundworld brand, they would have to be re-stocked, and to hire staff. His son, David Henderson, is involved in the negotiations with Deloitte over the Poundworld UK brand. Poundworld went into administration in June, with all stores closing by Friday 10 August.

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