Thousands of jobs and hundreds of stores hang in the balance as fresh funding buys poundland precious time to secure a rescue and avoid administration. Follow All Angles UK Follow us or share this story. Share Poundland has been given fresh hope in its fight for survival after owner Gordon Brothers agreed to release around £19 million in cash as the discount retailer seeks another 10 working days of protection from creditors. The dramatic development gives bosses valuable breathing space to pursue a rescue of one of Britain’s most recognisable high-street names, with hundreds of stores and thousands of jobs hanging in the balance. The retailer filed a notice of intention to appoint administrators on 29 October, providing temporary protection from creditors while a rescue could be pursued. That initial period has now expired, with Poundland’s directors seeking a further ...
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