Poundworld which entered administration on June 11th, appointing Deloitte’s Daniel Butters and Clare Boardman, is set to close a further 40 of its stores. The administrators have been unable to find a buyer for the value store chain which had been trading from 355 stores and had employed 5100 staff at its peak. In addition to the 40 store closures which involve 531 redundancies, the administrators have also made 100 head office redundant.
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