Founded in 1974, Poundworld was sold to USA equity group TPG Capital for £150m in 2015.
Toys R Us has already gone into liquidation this year while electronics retailer Maplin is still in administration.
Clare Boardman, joint administrator, said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Unfortunately, this has not been possible'.
Deloitte said there are no redundancies or store closures now and has been working alongside the company in a bid to keep it afloat.
A TPG spokesman said: "This was a hard decision for every party involved". We invested in Poundworld because of our belief in how the company serves its customers and the strength of its employees'.
Clare Boardman, joint administrator, comments: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business".
It is understood that Poundworld's owner, TPG Capital, rejected previous offers to buy the business out of a pre-pack administration.
Other parties named as possible buyers were turnaround specialist Alteri Investors and Poundworld's founder Chris Edwards.
The high street has also been rocked by a succession of retailers and restaurant chains unveiling plans to shut down stores to reflect tougher trading conditions.
The company, which has 335 shops and sells everything from flip-flops to deodorant and baked beans, racked up losses of £17.1million past year.
Deloitte said Poundworld had suffered from high product cost inflation, decreasing footfall, weaker consumer confidence and an increasingly competitive discount retail market.
Mothercare, Carpetright, New Look, Prezzo and Jamie's Italian, have all recently announced plans to close hundreds of outlets, putting more than 35,000 jobs at risk.
Reuters reported that Singapore is willing to bear the bill for the summit "to play a small part" in the historic meeting. Having a process for settling disputes between the USA and North Korea would, in and of itself, amount to major progress.
The Awesome Adventures of Captain Spirit is not Life is unusual 2, but is the first step towards the highly anticipated sequel. According to Dontnod, the game helped it realize the scope of the Life is unusual universe and its relatable characters.
The article also stresses the need for confidentiality - meaning Trump will have to resist tweeting the minutes of the meeting. Trump said last Thursday during a news conference after Prime Minister Shinzo Abe of Japan visited the White House.
On Tuesday, June 12, the first-ever meeting of sitting leaders of the United States and North Korea will take place in Singapore . The White House said the daylong summit would also include a working lunch and a larger meeting involving aides to both leaders.
The White House is escalating its verbal attacks against Justin Trudeau, the prime minister of close American ally Canada. A few hours earlier, Trudeau had told reporters that all seven leaders had come together to sign the joint declaration.
This latest trailer comes nearly exactly a year after the game was first announced by Ubisoft during last year's E3 presentation. Like the past several games in the series, you'll control boats and horses on your journey of assassination and discovery.
Kim is expected to stay at the St Regis hotel and Trump at the Shangri-La, both in the Tanglin area in downtown Singapore . North Korea has said it is willing to commit to denuclearisation, but that term is open to interpretation.
The fees would be paid by the video services, such as Hulu , and could be passed along to consumers in higher subscription rates. What exactly is net neutrality? At the FCC, Pai said the agency is "keeping all options on the table".
Before Trump even jetted to the conference on Friday morning, he floated the possibility of Russian Federation rejoining the G7. Trump slammed Trudeau for "making false statements " and accused him of being "meek and mild" in their one-on-one meeting.
On Monday morning, cryptocurrency prices slumped following the news reports that Coinrail lost more than 40 billion in altcoins. South Korea has emerged as a hotbed for trading in virtual currencies over the a year ago .
I am happy that other people have things, and I am very satisfied, and I feel very lucky with all the things that happened it me. At 32, Nadal is not yet in decline, but there was a sense over the last few seasons that his star was just starting to fade.
But still, she said , the case remains under investigation. "Until we have the whole story, we don't have the story". But, after completing a tour of duty in the Netherlands and spending two weeks on holiday in Europe, Capt.
We stick to it. "[Trudeau] really kind of stabbed us in the back", Kudlow said. "You know, it's like the gig is up ". With arms crossed, eyes squared, Trump certainly seemed irresolute about the trade measures.
According to CNN , Trump landed in Singapore Sunday morning, ahead of his Tuesday meeting with the North Korean leader. President Donald Trump arrives aboard Air Force One at Paya Lebar Air Base June 10, 2018 in Singapore.
Perhaps we'll see this game at Sony's showcase tonight, or maybe not even until after Shadow of the Tomb Raider is out. You can tune in to the Square Enix showcase live at 10:00 AM PT / 1:00 PM ET via the embedded video below.
Billionaire space exploration hobbyist and business magnate Elon Musk held the hottest party in Los Angeles over the weekend. The most eager customers can forgo the bidding process and pay the eBay "buy it now price", which is as high as $20,000.
Italy has denied permission for a rescue ship to drop off 629 migrants after Malta refused to open its ports. The standoff marked the first display of Italy's get-tough immigration policy under the right-wing League.
However, Collins' tweet was met with a chorus of angry replies that mainly implored her to confront Trump about the issue. I'm very pleased we came together on an ambitious joint communiqué at the end of this Charlevoix summit".
A woman has been arrested after a video shared online showed two children getting out of pet kennels inside the trunk of an SUV. Leimome Cheeks 62, was arrested and faces charges of child endangerment , according to the Memphis Police Department.
Those Obama-era rules prevented ISPs from blocking or slowing legal traffic, or from being paid for prioritized, faster delivery. Another misleading ISP claim is that they want to get rid of Title II, and not net neutrality rules in general.
Just Cause 4 was the same - a competent trailer, but one that fans had basically seen during the Xbox showcase. But again, Square Enix chose to show a slightly modified trailer from the Xbox press conference.
Rather, it "removes registrants only when they have failed to vote and have failed to respond to a change-of-residence notice". The SCOTUS ruling wasn't limited to the Buckeye State, as a handful of other states follow the voter purge act as well.
Similarly, Krueger said Trump was unlikely to take the countermeasures lying down and could hit back with more trade restrictions. Trump's steel and aluminum tariffs united the European Union, Canada, Mexico and Japan, which all vowed retaliatory measures.
And the reality TV star hit back when social media users questioned why she had cropped Travis Scott's daughter out of the image. The picture quickly became the most liked Insta photo, so we're not surprised she made a decision to keep that one tbh.
It doesn't seem like any of the restaurant chain's original items will be changed or replaced as a result of the new burgers . The new IHOB Twitter account even retweeted photos and video of a construction crew putting up the new sign in Los Angeles.
The first lady made her first event appearance since surgery to honor gold star families at the White House last week. This isn't the first time the first lady has likely used fashion as a way of speaking without saying a word.