Business · 2 hours ago
Poundland in Rescue Talks as Owner Seeks Buyer
Editor5807 via Wikimedia Commons (CC-BY-3.0)
Discount chain Poundland has confirmed it is in talks with potential buyers as its US owner Gordon Brothers looks to sell the business. Managers are working with Irish developer Martin Property Group on a buyout that would keep the stores and staff. The shopworkers' union Usdaw warned the retailer could fall into administration if that deal collapses, putting thousands of jobs at risk across Britain.
Reported by BBC News · How we write briefs