Poundstretcher could close half its stores under rescue deal

About 2,000 jobs at risk after retailer agrees CVA with creditors including rent cuts
Poundstretcher could close nearly half its stores in six weeks’ time, with 2,000 jobs at risk, after landlords and other creditors approved a rescue restructure.Rents will be cut by up to 40% on 84 stores and held at current rates on 94 stores under the insolvency process known as a company voluntary arrangement (CVA) approved late on Thursday night. Continue reading...