13 publishers · first seen Thu, 29 Oct 2026 09:13 UTC · updated Sun, 01 Nov 2026 17:00 UTC
Poundland has filed a notice of intention to appoint administrators, giving the business a ten‑day legal moratorium to seek a rescue deal. The appointment will be handled by AlixPartners and follows owner Gordon Brothers’ decision to reject a takeover offer from Martin Property Group.
The retailer operates around 600 stores in the UK and Ireland and employs about 12,000 staff, whose jobs are now at risk. Gordon Brothers bought Poundland for a nominal £1 in 2025 and has been running a sale process, with several established retailers reported as interested in buying parts of the business.
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