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Derry’s Poundworld store to close as administrators can’t find buyer for firm

written by John July 19, 2018
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Derry’s Poundworld store will finally to close its doors later this month with the loss of at least 10 jobs

POUNDWORLD in Derry will finally close its doors to the public this month with the loss of at least 10 jobs after administrators were unable to find a buyer despite weeks of attempts.

It means almost 200 Poundworld employees across the North of Ireland are set to lose their jobs with the confirmation the chain will be closing all of its stores nationwide.

After staggered announcements of closures in recent days, it was confirmed on Thursday afternoon all of the budget retailers branches across the UK will close.

There are 12 Poundworld stores in Northern Ireland, employing a total of 188 employees with staff numbers at each branch ranging from 10 to 20.

It was announced on Thursday that stores in Derry, Omagh, Armagh and Cookstown will close on July 26 or 29 with the loss of 62 jobs.

It then emerged that the Newtownabbey, Craigavon, Belfast Connswater, Belfast Cityside Retail Park, Belfast, Belfast Boucher Shopping Park and Bangor are also set to close.

On Wednesday it was announced that 33 members of staff across the Newtownards Castlebawn Retail Park store and the Donegall Place Belfast store will be laid off due to store closures.

The rest of the stores are expected to close by August 10.

“We would like to thank all the employees for their continued support and commitment during this difficult time,” Clare Boardman joint administrator said.

“We are keeping staff appraised of developments as they happen.”

Clare Boardman and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to the company on June 11.

Derry’s Poundworld store to close as administrators can’t find buyer for firm was last modified: July 20th, 2018 by John

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