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DevelopingEconomy

Poundland administration fears

Poundland's owner Gordon Brothers has filed a notice of intention to appoint administrators, with AlixPartners lined up, putting up to 12,000 UK and Irish jobs at risk after it rejected a management-backed rescue bid.

Developments
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28 Oct
The latest development

The Guardian · WorldThu 29 Oct · 10:56 UTC

Poundland on brink of administration, with 12,000 jobs at risk Owner Gordon Brothers files notice of intent to begin…

01Developments

Developments

Wednesday 28 October

2 developments

  1. 22:00 UTC· the latest

    Poundland owner files to appoint administrators

    Gordon Brothers filed notice at the high court on Wednesday night, expected to be approved Thursday, giving 10 days' protection from creditors while up to 12,000 jobs hang in the balance.

    LondonGB

    1 sourceThe Guardian · World

    • The Guardian · WorldRSSThu 29 Oct, 10:56

      Poundland on brink of administration, with 12,000 jobs at risk Owner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bidBusiness live – latest updatesThe owner of Poundland has said it is preparing to appoint administrators, putti
      The original post

  2. 13:16 UTC

    Reynolds writes to Poundland owner amid administration fears

    He asked Gordon Brothers, which bought Poundland for £1 last summer, to 'establish the facts'.

    LondonGB

    1 sourceThe Guardian · World

    • The Guardian · WorldRSSWed 28 Oct, 13:16

      Business secretary writes to Poundland owner as administration fears build Jonathan Reynolds has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’The business secretary has written to the owner of Poundland amid fears that the cut-pri
      The original post