Poundland on brink of administration, with 12,000 jobs at risk

Owner Gordon Brothers is filing notice of intent to begin process after rejecting management-backed rescue bid Business live – latest updates The owner of Poundland has said it is preparing to appoint administrators, putting up to 12,000 jobs at risk at the retail chain across the UK and Ireland.

Gordon Brothers is filing a notice of intention to appoint administrators at the high court, with the advisory firm…