Business · 3 hours ago
Poundland's Founder Offers To Invest As Rescue Deadline Nears
Nabokov, CC0, via Wikimedia Commons (stand-in photo of a Poundland store)
Steve Smith, who founded Poundland and left in 2006, says he would invest in the chain after its owner Gordon Brothers filed for administration. Business Minister Kate Dearden will meet Poundland executives this week, though government sources admit there is little scope to intervene. Staff protested last week. The retailer has until Thursday to find a rescue deal, with up to 12,000 jobs at risk.
Reported by BBC News · How we write briefs