Business · 2 hours ago
Poundland Wins Two More Weeks To Find A Buyer And Save Stores
Christopher Deane, CC BY-SA 2.0, via Geograph / Wikimedia Commons
Poundland has been granted two more weeks of legal protection from creditors as its US owner, Gordon Brothers, weighs three bids to buy the whole chain. The discount retailer runs around 600 stores across the UK and Ireland and employs roughly 12,000 people. Staff have been told this month's wages will be paid in full, and shops stay open as usual while rescue talks continue.
Reported by The Guardian · How we write briefs