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Poundworld: Jobs at risk as discount retailer put up for sale

By KentOnline reporter

It's understood thousands of jobs at high street retailer Poundworld could be in doubt as the discount store has been put up for sale.

US-based owner TPG is said to be seeking bids by the end of the month - after ditching a rescue plan.

Poundworld has stores in Canterbury, Chatham, Strood, Dartford and Gravesend.

Poundworld at Orchards Shopping Centre in Dartford
Poundworld at Orchards Shopping Centre in Dartford

It has 355 stores nationally and employs 5,700 people.

It had announced a plan to restructure its debts using an insolvency process known as a company voluntary arrangement but this is now in doubt.

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