Preston's Poundworld stores escape axe
Administrators of the collapsed discount retailer are to close 25 stores, resulting in 242 job losses.
Poundworld went bust last month and Deloitte, which is overseeing the process, has been attempting to secure a buyer for the business ever since.
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Hide AdA memo to staff penned by the professional services firm, and seen by the Press Association, said: "As previously advised, the administrators have been preparing contingency plans in the event that we are not able to deliver a sale of the business as a whole.
"These plans have been continuing and it is with regret that the administrators have taken the decision to effect an organised wind down of 25 stores, starting today."
Poundworld has stores in St George's shopping centre, Corporation Street and Deepdale retail park.
None of them are included in the list of stores earmarked for closure.
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Hide AdThe last day of trading for the affected stores will be July 15.
Poundworld, which was formerly owned by private equity firm TPG Capital, has 335 stores and employs around 5,100 people.
The news comes as hopes for a rescue of the beleaguered retailer fade.
Deloitte last week turned down a bid for Poundworld from its founder, Chris Edwards, who was looking to save a raft of stores and safeguard around 3,000 jobs.
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Hide AdHowever, on Monday the Press Association revealed that the founder of rival Poundland, Steven Smith, is in early-stage talks about a bid to salvage part of Poundworld out of administration.
Daniel Butters and Clare Boardman at Deloitte have already made 100 people redundant at Poundworld's head office in Normanton, West Yorkshire.
The full list of Poundworld store which will close on July 15:
Doncaster
North Shields
Wakefield
Stretford
Sutton Coalfield
Ashton
Blackburn
Manchester Arndale
Denton
Derby West Field
Nottingham Broadmarsh
Grays
Middlebrook
Chester
Newcastle Wallsend
Bradford Ivegate
Birmingham
Crewe
Halifax
Liverpool Bell Vale
Loughborough
Ipswich
Carmarthen