Poundland on the brink of bankruptcy: the chain files notice to appoint administrators
The British discount chain Poundland, owned by the American firm Gordon Brothers, has filed a notice of intent to appoint administrators. If the court approves the procedure, the company will get a 10-day pause to find a rescue deal. Managing director Barry Williams accused the owner of restricting access to funding, while three independent directors resigned over the refusal to accept an offer from Ireland's Martin Property Group.
Otabek Yusupov