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Poundworld
British variety store
Logo used from to | |
| Formerly |
|
|---|---|
| Industry | Retail |
| Founded | ; 51 years ago |
| Founder | Christopher Edwards Sr. |
| Defunct | 10 August |
| Fate | Administration |
Number of locations | () |
Poundworld was a British variety retailer.
It was founded in as Bargain Centre by Yorkshire-based father-and-son team Chris Edwards Sr. and Chris Edwards Jr.[1] The business then became a single-price retailer in as Everything £1, before renaming to Poundworld in
The retailer rose to prominence during the – financial crisis.[2] In October , it launched the multi-price sister brand DiscountUK, which would later become Bargain Buys.[3] Poundworld was featured on the BBC One series Pound Shop Wars, broadcast between and , featuring its rivalry with Poundland.[4]
In May , the Edwards family sold a majority stake in Poundworld to private-equity firm TPG Capit