Poundworld future in the balance after buyer pulls out

Poundworld future in the balance after buyer pulls out
 

The future of struggling discount retailer Poundworld is in the balance after the main contender to buy the chain pulled out talks.
Alteri Investors, whose website says it specialises in "challenging retail situations", was in advanced talks with Poundworld's owner TPG.
Sky News, which first reported Alteri's move, said TPG is talking to other potential buyers.
About 100 of Poundworld's 355 shops were already under threat of closure.
That restructuring was put on hold by TPG, a US private equity firm, after it received expressions of interest in the company.
Poundworld, which... read more

 
6 June 2018 in Business, Views: 60
Source: BBC
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