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Bargain Buys
Bargain Buys Trading Limited is a British variety store chain, and a subsidiary of Poundstretcher. The company is based in Kirby Muxloe, Leicester.
The Bargain Buys name was first used in 2013 by Chris Edwards Sr. and Chris Edwards Jr., to be a subsidiary of the single-price chain they founded, Poundworld. In 2015, TPG Capital purchased a majority stake in Poundworld and Bargain Buys, the chain went into administration in 2018, with all locations closed.
Later in 2018, Poundstretcher trademarked and began opening new stores nationwide as 'Bargain Buys'. A legal dispute between Poundstretcher and businessman Manni Hussain (who purchased the Poundworld intellectual property assets) began over the 'Bargain Buys' trademark. Poundstretcher won the suit as the 'Bargain Buys' name had not been previously trademarked by Poundworld.
Bargain Buys' first store was opened in Walsall in November 2013. Edwards and Edwards launched the multi-price chain to complement their single-price chain. Bargain Buys was the result of rebranding existing Discount UK (Discount NI in Northern Ireland) stores, initially launched in October 2010. The name and branding was changed to allow the chain to compete more closely with its rivals in the market, and to exploit the expanded product range and knowledge that the business had built up.
The stores were invented to rival the likes of popular discount retailers such as Home Bargains, B&M Bargains and Poundstretcher.
As of 2015, the chain had 41 stores across the United Kingdom[citation needed]. The company intended to expand rapidly, with plans to double the number of stores by 2016, and to open an additional 100 stores by 2018. In April 2015 it launched an online store in a bid to expand its customer base.
The chain stocked over 8,000 products over 25 departments, this included groceries, home living and cleaning to toys, electricals and pet care. It sold leading household brands including Coca-Cola, L'Oréal, Fairy and Gillette.
On 15 May 2015 the Edwards family announced that they had sold a majority stake in both Poundworld and Bargain Buys business to US private equity firm TPG for £150 million.
Bargain Buys
Bargain Buys Trading Limited is a British variety store chain, and a subsidiary of Poundstretcher. The company is based in Kirby Muxloe, Leicester.
The Bargain Buys name was first used in 2013 by Chris Edwards Sr. and Chris Edwards Jr., to be a subsidiary of the single-price chain they founded, Poundworld. In 2015, TPG Capital purchased a majority stake in Poundworld and Bargain Buys, the chain went into administration in 2018, with all locations closed.
Later in 2018, Poundstretcher trademarked and began opening new stores nationwide as 'Bargain Buys'. A legal dispute between Poundstretcher and businessman Manni Hussain (who purchased the Poundworld intellectual property assets) began over the 'Bargain Buys' trademark. Poundstretcher won the suit as the 'Bargain Buys' name had not been previously trademarked by Poundworld.
Bargain Buys' first store was opened in Walsall in November 2013. Edwards and Edwards launched the multi-price chain to complement their single-price chain. Bargain Buys was the result of rebranding existing Discount UK (Discount NI in Northern Ireland) stores, initially launched in October 2010. The name and branding was changed to allow the chain to compete more closely with its rivals in the market, and to exploit the expanded product range and knowledge that the business had built up.
The stores were invented to rival the likes of popular discount retailers such as Home Bargains, B&M Bargains and Poundstretcher.
As of 2015, the chain had 41 stores across the United Kingdom[citation needed]. The company intended to expand rapidly, with plans to double the number of stores by 2016, and to open an additional 100 stores by 2018. In April 2015 it launched an online store in a bid to expand its customer base.
The chain stocked over 8,000 products over 25 departments, this included groceries, home living and cleaning to toys, electricals and pet care. It sold leading household brands including Coca-Cola, L'Oréal, Fairy and Gillette.
On 15 May 2015 the Edwards family announced that they had sold a majority stake in both Poundworld and Bargain Buys business to US private equity firm TPG for £150 million.
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