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TPG puts British discount retailer Poundworld up for sale

Reuters  |  LONDON 

LONDON (Reuters) - Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest for the struggling retailer, a person familiar with the matter said on Saturday. Poundworld had been due to launch a Company Voluntary Agreement which would allow it to restructure and close some stores as it battles a tough retail environment. The source, who declined to be named, said the CVA process had now been postponed while TPG explores a sale. The possible sale was first reported by Sky News. The source said information on Poundworld had been sent ...

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