Poundworld Plus: High street chain Poundworld sells majority stake to US investors

UK's second-largest single price retailer behind Poundland valued at £150m in deal reflecting investment interest in 'value' marketA former market stall trader and his family will bank more than £75m after selling a majority stake in their Poundworld store chain to US private equity firm TPG.The business, which Chris Edwards founded at a Wakefield market in 1974, is valued at £150m under the deal which comes as investors battle for a slice of the fast-growing "value" market. The family opened their first high street store in 2004.Continue reading...