Poundworld could be saved after all, as it was acquired by the Dublin retail family that opened the first store in Ireland
- David Henderson confirmed that his offer had been accepted by the administrators
- His family has bought the best stores and the rest for an undisclosed sum
- The Henderson have formed a UK entity to operate the business
City and Finance Reporter for the Daily Mail
Poundworld UK has been purchased by the Henderson Dublin family of retailers
Poundworld UK has been purchased by the Dublin retail family The Hendersons, which opened the original Poundworld store in Ireland in 1984.
David Henderson confirmed yesterday that his offer had been accepted by Deloitte administrators to buy the best stores and the rest for an undisclosed sum.
Poundworld UK, which was purchased by US TPG Capital in 2015 for £ 150 million, collapsed in the administration in June, closing more than 250 stores, with the loss of 4,000 jobs.
Ray Henderson sold his original Poundworld in 2007.
His son, David, who has experience in the retail sector in Ireland and the USA. UU., He led the negotiations and said: "We are delighted to have agreed to purchase Poundworld and now we hope to reap the benefits of the company and provide current services and new customers with an unparalleled offer of products at a low price." ;
The Hendersons have formed a UK entity, RVP Holdings Limited, to operate the business.
Poundworld delivered almost £ 500 million in 2017 with 6,000 employees in 337 stores.