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Closure date for Poundworld in Norwich revealed

PUBLISHED: 09:12 19 July 2018 | UPDATED: 10:19 19 July 2018

Poundworld administrators have now announced the cosure of 145 stores. Picture: Jane Barlow/PA Wire

Poundworld administrators have now announced the cosure of 145 stores. Picture: Jane Barlow/PA Wire

Poundworld in Norwich is set to close its doors on Sunday.

The store is among 145 branches of the discount retailer which are set to close – or have already – following its collapse into administration in June.

The group is closing other East Anglian stores in Ipswich, which shut earlier this week, King’s Lynn and Chelmsford.

In total around 1,800 jobs have been put at risk through the closures, which were announced by administrator Deloitte after it failed to secure a buyer for the business.

Following the announcement of the 40 most recent store closures on Tuesday, joint administrator Clare Boardman said: “We would like to thank all the employees for their continued support and commitment during this difficult time.

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

Hopes are fading that a buyer will be found for what remains of the business – around 190 stores and 3,300 jobs.

Deloitte has already turned down a bid for Poundworld from its founder, Chris Edwards, who was looking to save a raft of stores and safeguard around 3,000 jobs.

Mr Edwards, who founded Poundworld in 1974, was critical of how his offer was received by Deloitte, and said he was “shocked and surprised” that he was turned away.

The founder of rival Poundland, Steven Smith, has also been linked to a bid to salvage part of Poundworld out of administration.

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