Another prominent retailer has closed today (Tuesday) in Wokingham town centre.
Poundstrecher in Peach Street, appears to have been repossessed, with a notice from a Liverpool-based debt collection and enforcement agent indicating that criminal action would be served against anyone now entering the property.
The business, at 25 Peach Street in the town centre, was formerly home to Woolworths, and is one of the largest retail units in Wokingham.
The Wokingham store is understood to be owned by Fortress Investment Group, a US-based private equity firm, which acquired the UK discount retailer in April 2024.
To secure the chain’s long-term future, Fortress launched a restructuring plan to reduce store rent costs, and injected a £30 million financing facility for the business.
Several reports received by Wokingham Today noted that staff were outside the business this morning, indicating they had no prior warning of the closure.
Stock remains in the store as of Tuesday afternoon, and the business appears to be trading elsewhere in the country.
Wokingham Today has approached Poundstrecher’s head office for comment.
NOTE: A new story has since been published, indication the issue was a “misunderstanding”, and the store has reopened.
