A legal dispute between Poundstretcher and businessman Manni Hussain (who purchased the Poundworld intellectual property assets) began over the 'Bargain Buys' trademark.
[5] The name and branding was changed to allow the chain to compete more closely with its rivals in the market,[6] and to exploit the expanded product range and knowledge that the business had built up.
[9] The chain stocked over 8,000 products over 25 departments, this included groceries, home living and cleaning to toys, electricals and pet care.
[10] 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.
[11] On 11 June 2018, TPG announced that the Poundworld and Bargain Buys stores had appointed administrators after talks to sell the company fell through.
The Poundworld brand was purchased by New Money Limited, a company established by Yorkshire-based property entrepreneur, Manni Hussain, who unsuccessfully attempted to trademark the 'Bargain Buys' name in October 2018, the application was challenged by Poundstrecther.