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The future of struggling discount retailer Poundworld is in the balance after the main contender to buy the chain pulled out of talks.

Alteri Investors, whose website says it specialises in "challenging retail situations", was in advanced talks with Poundworld's owner TPG.

Poundworld's founder Chris Edwards is understood to be among other possible bidders for the 355-shop chain.

He sold out to TPG for £150m, and later took over at rival Poundstretcher.

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BBC News

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