Administrators offload shoe retailer sites to Poundworld
DISCOUNT retailer Poundworld has confirmed that is is acquiring a number of sites formerly under the Brantano banner.
The shoe retailer went into administration on 21 January 2015, just four months after it was acquired by Alteri Investors in a £12m deal.
Now Poundworld is poised to acquire a third of the remaining stores in the Brantano portfolio, totalling 20 sites, according to Retail Week.
Six Yorkshire stores were among those acquired by Alteri from PwC in February, saving 68 jobs in the region, along with 140 branches of Brantano and 1,372 jobs saved overall.
54 jobs were at risk in the remaining stores in Yorkshire, and a further 600 across the group.
Related: 90 Yorkshire jobs lost or at risk despite retailer’s deal with administrators…
A spokesperson for Poundworld told TheBusinessDesk.com: “At any Brantano store that is acquired by the Poundworld Retail Group, we will ensure that existing Brantano employees are given the opportunity to apply for staff positions within Poundworld.
They continued: “Poundworld Retail is highly acquisitive in the property market with plans to open in excess of 60 stores annually for the next three years.
“As such, any opportunity to acquire multiple stores in locations that are favourable to our fast-growing customer base is of great interest.
“We look forward to building on our existing portfolio of over 315 stores, introducing our attractive value offering to even more locations across the UK.”
Poundworld recently opened up a new site in Seacroft creating 30 jobs.
