Poundland Seeks Rescue Deal as Jobs of 12,000 Workers Are Threatened
Poundland has filed a notice of intention to appoint administrators, giving the retailer 10 working days to seek a rescue deal.
Poundland has 10 working days.
It wants a rescue deal.
About 12,000 workers may lose their jobs.
Advisers are talking to possible buyers.
Gordon Brothers owns Poundland.
It rejected an offer from Martin Property Group.
Poundland managers preferred this offer.
Barry Williams said it had full funding.
He said it could save the business.
All Poundland shops are open.
They are trading as normal.
Andy Burnham said the government was ready to help workers.
He wanted to know why the offer was not accepted.
Section: Business
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