Poundworld CVA Indicates Challenges Facing Bricks & Mortar Retailers, Analysts Suggest
The news that single price retailer Poundworld is considering a Company Voluntary Arrangement (CVA), which could see the retailer close as many as 100 of its stores across the UK, is an indication that all is not well for bricks and mortar retailers, leading industry analysts warn.
Some 1,500 jobs could be at risk at Poundworld if the retailer, which is owned by TPG Capital, presses ahead with its plans.
Other high street retailers to pursue CVAs this year include New Look and Carpetright.
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