Irish family buys Poundworld UK

  • Irish family buys Poundworld UK
    Independent.t. E.
    Irish family with over 40 years of experience in low-cost retail business agreed in principle to buy Poundworld in the UK.
    https://www.independent.ie/business/world/irish-family-buys-poundworld-uk-37200634.html
    https://www.independent.ie/world-news/article37084748.ece/f6289/AUTOCROP/h342/ipanews_2f9b40f0-fdba-4154-87a4-32836d7f2a9c_1

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Irish family with over 40 years of experience in low-cost retail business agreed in principle to buy Poundworld in the UK.

David Henderson, whose family was in Poundworld Ireland, said that their proposal was accepted in principle, Deloitte, administrators Poundworld the UK to acquire the best and remaining stores for an undisclosed sum.

It is clear that families will buy the stores that are closing.

“We are pleased that has agreed to buy Poundworld and we now look forward to bringing the company back to profit and ensure ongoing and new clients with an unmatched range of products at competitive prices,” Mr. Henderson said.

The Hendersons have formed a new body UK, sun enterprise, to conduct business there.

Ray Henderson was founded in 1984 Poundworld in Ireland and sold it in 2007.

He continues to work in the retail sector in Ireland. His son, David, who has experience and success in the retail sector in Ireland and the United States, led the negotiations.

Poundworld the UK, which was acquired by TPG capital for us in 2015 for £150 million (€167 million), traveled in June to the administration.

He has closed more than 250 stores, resulting in the loss of 4,000 jobs.

Poundworld turned over around £500 million in 2017, with 6000 employees for 337 stores everything is sold mainly in the £1.

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