The founder of Poundworld is trying to buy back 186 of its stores from administrators in a bid that would save 3,000 jobs.
Chris Edwards, a former market trader who sold Poundworld to the private equity firm TPG for £150m three years ago, is understood to be in talks with Deloitte, which was appointed to handle the discount chain’s collapse this month.
Poundworld entered administration after a rapid expansion by TPG collided with increased competition and higher costs due to sterling’s fall after Brexit.
