Poundland Rescue Deal Gets Extra Time as Insolvency Threat Looms

RecentNews.uk

Poundland files second notice of intention to appoint administrators, gaining 10 extra working days.

Roughly 600 stores and 11,000 jobs remain temporarily protected while rescue talks continue.

Owners Gordon Brothers released £10 million in funding to keep shops trading and pay staff.

Potential buyers include Tesco, Iceland, Lidl, Xyra Holdings, and Martin Property Group.

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