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TPG Puts British Discount Retailer Poundworld Up For Sale: Source

Published on May 14 2018 7:58 AM in Retail tagged: Featured Post / UK / Private Equity / Poundworld / Paywall / TPG Capital

TPG Puts British Discount Retailer Poundworld Up For Sale: Source

Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest, prompting it to put a planned restructuring of the group on hold, a person familiar with the matter said on Saturday.

Poundworld had been due to launch a restructuring to enable it to close some stores as it battles a tough retail environment, but the source said that process had now been put on hold while TPG considers possible bids.

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