The Economic Times

In 2025 Poundland sold to Gordon Brothers at 1, now the UK discount retailer is staring at insolvency

Poundland may soon face insolvency, with the potential loss of approximately 600 UK stores and over 10,000 jobs. The crisis unfolds as major owner Gordon Brothers resists an emergency sale put forth by Martin Property Group. This clash could propel Poundland into insolvency proceedings imminently. However, a fresh takeover bid within the next 48 hours could still change the course of events.