Administrators of Poundworld are set to close 25 stores on July 15, resulting in 242 job losses. The struggling discount retailer went into administration last month, putting more than 5,000 jobs at risk.
“The administrators have been preparing contingency plans in the event that we are not able to deliver a sale of the business as a whole,” according to a memo sent to Poundworld staff.
However, Deloitte said the closure of 25 stores would “not impact on the potential sale of the remaining business”.
Full list of 25 stores closuring this Sunday:
- North Shields
- Sutton Coalfield
- Manchester Arndale
- Derby West Field
- Nottingham Broadmarsh
- Newcastle Wallsend
- Bradford Ivegate
- Liverpool Bell Vale