Poundland Blocked from Buying New Stock as Collapse Fears Grow

RecentNews.uk

Poundland has been blocked from buying new stock following supplier and trade credit concerns.

The stock freeze occurs despite management highlighting an £86 million turnaround effort.

Owner Gordon Brothers faces scrutiny over an £18 million payout and past history with retail liquidations.

Financial details of prospective bidders for the bargain chain are currently under examination.

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