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flag Poundstretcher to close stores as part of restructuring after acquisition.

flag Poundstretcher, a UK discount retailer with about 320 stores, is planning significant closures as part of a restructuring effort. flag The company, acquired by Fortress Investment Group, is working on a court-sanctioned plan that could lead to widespread store shutdowns and job losses. flag The move is part of a broader crisis on the UK high street, where over 13,000 stores closed in the past year.

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