Budget retailer Poundworld goes up for sale

By Lucy Tandon Copp 14-May-2018

The retailer of make-up brand Miss Beauty London is seeking a new owner by the end of the month

©Poundworld

Budget retailer Poundworld, owned by US private equity firm TPG Capital, has been put up for sale.

According to Sky News, TPG has instructed Deloitte to find a new owner for the discount chain by the end of the month.

Last month Poundworld’s future was under scrutiny after reports that it was preparing to seek approval to close up to 100 stores.

However, a source close to TPG said that the company has decided to sell instead, after receiving interest from potential buyers.


©Poundworld // Miss Beauty London offers make-up for £1 per product

Poundworld sells a variety of consumer goods for £1 including the Miss Beauty London make-up range.

The range is made in the UK and exclusive to Poundworld, with 100 skus including products for eyes, lips, face and more.

Sign up for your free email newsletter

Poundworld operates approximately 355 stores in the UK, with around 5,700 employees.



Like this story? For the latest in beauty trends, product launches and retail strategy, subscribe to Pure Beauty Magazine. For more information click here

Companies