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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Poundland management in talks to lead bid that could save 11,000 jobs

Poundland Asda Gordon Brothers
Cars outside a Poundland store at a retail park
Poundland’s current owners, Gordon Brothers, last month hired an advisory company to oversee a sale of the business at a reported price of £30m. Photograph: Linda Nylind/The Guardian

Poundland’s management team are in “advanced talks” to lead a bid for the ailing cut-price retailer that could save up to 11,000 jobs.

The former Asda boss Andy Bond, who ran Poundland for a number of years from 2016 then stepped up to its former parent Pepco before leaving in 2025, is understood to be part of the negotiations to take on the business.

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