Poundland owner secures two extra weeks to ensure retail chain’s survival
US investment firm Gordon Brothers is ‘taking due care’ to consider if one of three bidders has enough funds
Poundland’s owner has said it is “taking due care” to consider if one of three bidders had enough funds to ensure its survival after the troubled budget retail chain secured two more weeks to find a deal.
The management of Poundland, which employs approximately 12,000 people and operates 600 stores in the UK and Ireland, won approval from the high court for an extension of legal protection from creditors on Thursday morning.
Continue reading...
RASIPOGULA GOPAL
Sr. Reporter
Comments (0)