Poundworld

Common card · No. 406722

Poundworld was a British variety retailer. It was founded in 1974 as Bargain Centre by Yorkshire-based father-and-son team Chris Edwards Sr. and Chris Edwards Jr. The business then became a single-price retailer in 1997 as Everything £1, before renaming to Poundworld in 2003. The retailer rose to prominence during the 2008 financial crisis. In October 2010, it launched the multi-price sister brand DiscountUK, which would later become Bargain Buys. Poundworld was featured on the BBC One series Pound Shop Wars, broadcast between 2012 and 2015, featuring its rivalry with Poundland. In May 2015, the Edwards family sold a majority stake in Poundworld to private-equity firm TPG Capital. The retailer went on to struggle in the following years; for due to the weak pound, it could no longer sell most of its items (which were imported) at the £1 price-point. In June 2018, Poundworld entered administration. The remaining stores closed down on 10 August 2018. The Poundworld brand was purchased by...

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