DLA Piper takes lead role as Poundworld enters administration with more than 5,000 jobs at risk

Restructuring and insolvency team from DLA's Leeds office acting for discount retailer

DLA Piper is acting for Poundworld as the discount retailer today (11 June) joined the ever-growing list of high street brands to enter administration, putting 5,100 jobs at risk.

Poundworld has confirmed that efforts to find a buyer for the business have failed after it filed a notice of intention to appoint an administrator last Thursday (7 June), giving it temporary protection from its creditors.

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