At he end of last month it was revealed Poundworld would be closing down all of its remaining stores, after failing to secure a buyer following financial woes and a descent into administration.

But it looks like the company is set to be saved after all, with Irish retail family the Hendersons stepping in to buy out the UK's best performing Poundworld stores.

The buyout is notable because the Hendersons were responsible for opening Ireland's first Poundworld store in 1984.

It was eventually renamed Euroworld (for obvious reasons) and sold on back in 2007.

Now it's been confirmed that the Poundworld UK administrators have accepted an offer to buyout the remaining stores.

Those stores are still set to close for good later today, but some will begin to reopen once the buyout has been finalised - which could be as early as next week.

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