Poundstretcher saves North-East UGO jobs (From The Northern Echo)

Poundstretcher saves North-East UGO jobs

5:22pm Wednesday 8th February 2012 in North-East Business News By Owen McAteer

POUNDSTRETCHER has bought a rival chain of discount stores from administration.

Administrators from The P&A Partnership have sold the UGO store group to Poundstretcher, which was placed in administration today, in a pre-pack deal, saving 245 jobs.

All staff employed at UGO's 20 stores across the North of England and East Midlands have transferred to the new business.

They include workers at its stores in Stanley, County Durham, Hartlepool, Ashington, Northumberland and Eston, Middlesbrough.