Poundworld in Kirkcaldy and Glenrothes at risk of closure

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Jobs are at risk at Poundworld in Kirkcaldy after the company announced that it has called in administrators.

The shop at the Fife Central Retail Park is one of those facing closure after the budget store announced it is set to appoint Deloitte to handle its adminstration.

Shops in Glenrothes and Dunfermline are also on a list of around 350 countrywide said to be at risk of closure.

The bad news comes close on the heels of the closure of Toys R Us also at the retail park which closed a few months ago.

Poundworld is owned by TPG Capital which said that rescue talks over the weekend had broken down.

Kirkcaldy MSP David Torrance said: “I’m very disappointed to hear the news that Poundworld has gone into administration, as it means a great deal of uncertainty for staff.

“It’s another blow for the retail sector because it’s potentially jobs lost at the Kirkcaldy branch.

“I hope a buyer can be found to give reassurances to employees and their families, and that the store can continue to operate there.

“Coming only a few months after the closure of Toys R Us, it would mean another empty space at the retail park, which shows it is not averse to the issues which are facing the high street.

“It shows how the online market, and changes in shopping habits are affecting a lot of stores.”