Poundland close to collapse as new directors head for exit
Poundland collapse
Covered by 6 sources
- BBC Business·1d agoPoundland's future hangs in the balance as chain edges towards collapse
Poundland's bosses have filed a notice of intention to appoint administrators to the business.
Read at BBC Business → - Sky News Home·1d agoSuppliers threaten to cut ties with Poundland as chain nears collapse
Major suppliers are moving to cut ties with Poundland as the discount chain lurches towards an insolvency process which threatens to unleash thousands of job losses.
Read at Sky News Home → - Guardian UK·1d agoBusiness secretary writes to Poundland owner as administration fears build
Jonathan Reynolds’ team has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’ The business secretary’s team has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening…
Read at Guardian UK → - Irish Independent Business·2d agoThousands of UK high street jobs at risk as Poundland emergency sale process falters
Irish sister company Dealz could yet be sold separately
Read at Irish Independent Business → - The Independent·3d agoPoundland faces insolvency as thousands of jobs under threat
Poundland could face insolvency with thousands of jobs under threat amid a disagreement on sales proceedings
Read at The Independent → - Sky News UK·3d agoPoundland close to collapse as new directors head for exit
The directors recruited to steer Poundland through its emergency sale process less than two weeks ago are on the brink of resigning, heightening the risk that one of Britain's biggest discount retailers will collapse within days, risking thousands of job losses.
Read at Sky News UK →
