Poundworld in CVA plans


Poundworld in CVA plans

Poundworld is the latest retailer to confirm that it is considering using a CVA to enable it to close around 100 of its stores as well as press for rent reductions on the remaining 250 outlets. The business currently employs 5,500 staff and has pledged to retain as many as it can but expects to make several hundred redundancies.  The discount retailing sector is becoming increasingly competitive.

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