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TPG puts British discount retailer Poundworld up for sale

Reuters  |  LONDON 

(Reuters) - Private group has put British up for sale after receiving expressions of interest for the struggling retailer, a person familiar with the matter said on Saturday.

had been due to launch a Company Voluntary Agreement which would allow it to restructure and close some stores as it battles a The source, who declined to be named, said the CVA process had now been postponed while explores a sale.

The possible sale was first reported by The source said information on had been sent to a variety of potential buyers and there were early signs of interest.

No one at was immediately available for comment.

(Reporting by Kate Holton; Editing by Alexander Smith)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, May 12 2018. 16:48 IST