- Around 12,000 jobs across 600 Poundland stores could be placed at risk as trade union Usdaw warns the discount retailer might enter administration.
- Owner Gordon Brothers placed the chain up for sale just over a year after purchasing it for £1 in summer 2025.
- Usdaw expressed concern that buyout bids, including a management attempt led by managing director Barry Williams and former Asda chief executive Andy Bond, are being turned down.
- Martin Property Group has emerged as a preferred partner for the management team, while supermarkets Aldi and Lidl have also been linked with potential bids.
- Poundland insisted it remains business as usual on the high street, highlighting a recent recovery plan that returned the firm to like-for-like sales growth.
IN FULL
Poundland on the brink: Union fears administration budget cuts put thousands of jobs under threat
