0 £0.00
This item was added to your basket
Credit Strategy homepage
LinkedIn
Twitter

Dear visitor,
You are viewing 1 of your 1 free articles


We’ve invested in our content to provide more news, analysis, features, interviews and opinions across a wide range of Credit and Financial Services. Register now to access more of the trustworthy, insightful information that’s on offer.

Register now or Login

Further Poundworld store closures confirmed

The administrators of Poundworld have confirmed it will close a further 78 stores next week, resulting in the redundancies of 907 employees when the stores close on either Thursday July 26 or Sunday July 29.

Share on LinkedInShare on TwittereCard

The move follows confirmation that the retailer’s distribution centre operations will close today (Friday 20 July), resulting in the redundancies of 299 employees.

 

The balance of 112 stores are scheduled to close by August 10 and will result in 1,432 employees losing their jobs.

 

A total of 165 stores were closed between July 10 and July 17, with a total of 1,797 jobs lost.

 

Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the company on June 11.

 

Clare Boardman, joint administrator, said: “We would like to thank all the employees for their continued support and commitment during this difficult time. We are keeping staff appraised of developments as they happen.”

At the time of appointment, the business operated from 335 stores and employed around 5,100 people.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.

GET THE LATEST INDUSTRY NEWS STRAIGHT TO YOUR INBOX

READ NEXT

Corporate insolvencies up 30% as personal insolvencies remain low

Corporate insolvencies up 30% as personal insolvencies remain low

PwC saves 1,800 jobs at Travelex

PwC saves 1,800 jobs at Travelex

Credit Strategy launches The Car Finance Confidence Tracker

Credit Strategy launches The Car Finance Confidence Tracker

Upcoming events

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group