Poundworld could be rescued by founder from administration

Poundworld could be rescued by founder from administration
 

Poundworld's founder has said he is considering buying back some of the discount retailer's stores after it fell into administration on Monday.
Christopher Edwards, 67, who sold the business in 2015 for £150m to TPG Capital, said the chain could be saved with fresh management.
But he said no deal had been finalised and the discounter would only survive another two weeks without a buyer, putting some 5,100 jobs at risk.
Mr Edwards founded the firm in 1974.
Poundworld collapses into administration What's eating the pound shops? Administrators Deloitte were called in after the indebted chain... read more

 
12 June 2018 in Business, Views: 79
Source: BBC
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