Poundland is to push ahead with more store closures after receiving court approval for a major restructuring plan. In June, the discount retail chain said it planned to permanently shut 68 shops after being sold by Pepco Group to Peach Bidco, a subsidiary of private equity firm Gordon Brothers, for £1.

On Tuesday, the company told a judge that the plan would save it from entering administration, with barristers telling a hearing on Tuesday that it was set to run out of money by September 7 if the scheme had not been sanctioned.

The group has already shut dozens of stores but will now be able to end these leases early and push ahead with further closures. In London, several high-profile branches including Shepherd’s Bush, East Dulwich, Whitechapel, Chiswick , and Swiss Cottage are set t

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