Poundworld, which has stores in Forster Square, Darley Street, Ivegate and Woodhall Retail Park, employs around 5,300 people in the United Kingdom, is low on cash and is filing the notice because it will give the business protection from its creditors for two weeks.
If these talks fail, however, administration or a company voluntary arrangement (CVA), at best, would be the likely outcome, neither of which would be good news for the retailer's 5,000 plus staff.
The notice will give Poundworld time to structure a deal, which could be undertaken through a pre-pack administration, with private equity firm R Capital, former owner of Little Chef.
The company's management have said they are in talks with other potential buyers, and it is thought that Poundworld's founder, Chris Edwards, might take on the business.
The stores suffered a major rise in multi-million pound losses past year - rising from £5.4m to £17.1m in 2016/17.
However, several people on Twitter have shared their outrage as one of the toys Prince George was playing with was a toy gun. She later raced George across a lawn with the young prince sticking out his tongue as he outpaced his sister.
Poundworld's possible collapse comes after both Toys R Us and Maplin both fell into administration earlier this year. The appointment of Deloitte as administrators leaves the future of five stores in the county hanging in the balance.
Players will be able to swipe and move their device to control their moves which will include melee and magic. During Bethesda's E3 press conference, director Matt Firor took the stage to reveal two upcoming expansions.
However, the South Carolina Republican noted that he is "not here to spread democracy" or to unite the North with South Korea . Otherwise, the relationship between the two countries could quickly become fraught with frustration and misunderstandings.
Lane, Glenda Jackson , the lifetime-achievement winners Chita Rivera and Andrew Lloyd Webber , and, in spirit, Donna Summer. Robert DeNiro stunned the crowd at the Tony Awards Sunday by sending a profanity-filled message to President Donald Trump .
DOOM Eternal will be bigger than DOOM in every possible way, but how bigger will be revealed this Summer during QuakeCon. Bethesda will host Quake Con in August, and there will be more on Doom Eternal at the event.
Ubisoft revealed that Division 2 would arrive on PS4, Xbox One and PC, but it was Microsoft that got to show it off properly. We'll keep you updated on any new information on Halo Infinite as it comes during this week's Electronic Entertainment Expo.
Last month's legislative elections were won by an alliance headed by the populist Shia cleric Moqtada Sadr. Parliament on Wednesday passed a law that mandated a nationwide manual recount of votes from the election.
Bitcoin was trading at $6,780, down from more than $7,500 before the weekend, according to Coindesk, which monitors prices. The Korean National Police Agency didn't immediately reply to a request for comment.
A bystander happened to capture the moment on video when the woman was letting a girl out of one of the pet kennels. The kids in this instance were found badly malnourished and appeared to be much younger than their actual age.
I said yesterday how much this place means to Ferrari and to have a race like we had today is unbelievable", said Vettel. The day was less positive for two-time world champion Fernando Alonso , who was celebrating his 300th Formula One race.
(Update) Devil May Cry 5 is real!
It's promised that Devil May Cry 5 will have unbelievable gameplay, which is good because nobody likes awful gameplay. With the start of E3 2018 , more information on Capcom's next big game will trickle in so stay tuned for updates .
Singapore summit: Kim's running bodyguards back in action
Kim Jong-un and Donald Trump impersonators, Howard X, left, and Dennis Alan, jump together as they pose for photographs on Friday. Singapore residents lined downtown streets to watch Trump's armoured vehicle, dubbed The Beast, travel from the Shangri-La hotel.
Google Pixel 3 will have support for wireless charging
Even before the second-gen Pixel 2 phone's official launch, it was sighted on FCC with Android 8.0.1 Oreo and Active Edge . The feature debuted in the Pixel 2 and, while it wasn't exactly a killer feature, it has its fair share of fans.
Gears 5 is coming to Xbox One in 2019
Gears Tactics , a PC exclusive without a release date, brings XCOM-like tactical, isometric gameplay to the Gears universe. The game is now in development by The Coalition and was announced with a story-centric reveal trailer.
Prey 'Mooncrash' DLC Announced, New Update Out Now
Shortly after the events of Prey , TranStar's secret moon base stops transmitting - and now it's up to Peter to find out why. Instead it's a piece of DLC called Mooncrash , where "enemies, hazards, and loot are all different each time you play".
Russia's Putin would be ready to host G7 in Moscow
Trump pulled out of the 2015 Obama-era accord last month, despite objections from European allies and other nations. Earlier on Sunday, Putin criticised the U.S. withdrawal from the Iranian nuclear deal in a speech at the summit.
Harry and Meghan to visit Australia and New Zealand
Flaunting an attractive hat from Philip Treacy, the 36-year-old swapped her signature messy bun with a shiny blowout. Queen Elizabeth recently named Harry as Commonwealth Youth Ambassador and the couple has a busy few months ahead.
Lucky victor claims $315M Powerball jackpot prize
The next Mega Millions drawing is Tuesday, June 12, with an estimated jackpot of $144 million and cash option of $85 million. The winning numbers for the drawing were: 03, 06, 09, 17, and 56, while the Powerball was 25 and the Multiplier number was 3.