• Wednesday, August 17, 2022

Business

Poundstretcher Appoints Nadir Lalani as Executive Chairman

By: Radhakrishna N S

The founder of 99p Stores, Nadir Lalani has been elected as executive chairman of Poundstretcher. He is expected to take his office on October 1, this year. Sharing his views on the latest top appointment, Poundstretcher property director Gerry Loughran said, “We’re putting the right people in the right place.” The new appointment came amid Poundstretcher seeks to purchase 200 stores previously owned by the defunct Poundworld chain. Poundstretcher has already landed the leases to seven and reshaped and reopened them under its own brand banner. The company also expects to open 50 more stores this year. Lalani started 99p…

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