Sunshine and Showers

Sunshine and Showers

max temp: 22°C

min temp: 14°C

Search
East Anglia Future 50

Poundworld, which has a store in Ipswich, expected to become latest retailer to collapse

PUBLISHED: 10:51 11 June 2018 | UPDATED: 10:51 11 June 2018

Poundworld in Ipswich Picture: MATT STOTT

Poundworld in Ipswich Picture: MATT STOTT

Archant

Poundworld, which has a store in Ipswich, expected to become latest retailer to collapse

Poundworld is expected to crash into administration this morning after last-ditch sales talks broke down, putting 5,100 jobs at risk.

The budget retailer was in talks with private equity firm R Capital over the weekend, but is now calling in administrators at Deloitte after talks broke down.

Poundworld has around 350 stores across the UK, including a branch in Tavern Street, Ipswich.

It is understood that Poundworld’s owner, TPG Capital, rejected previous offers to buy the business out of a pre-pack administration.

Deloitte is likely to run another sale process once appointed as administrator.

Search hundreds of local jobs at Jobs24

Hot Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24

Most Read

Latest from the Ipswich Star

Hot Jobs

Show Job Lists