Discount retailer Poundland could face being broken up as its owners consider offers for parts of the business.
It is understood that owner Gordon Brothers – which only bought the business last year for £1 – is currently leaning away from the main solvent takeover offer for the business, meaning the group could enter insolvency in the coming days.
The private equity company launched a sale process for Poundland last month after turnaround efforts, which included shutting a raft of stores.
Irish real estate firm Martin Property Group was named as the preferred bidder by management earlier this month.
However, it is understood that the bid from Martin is not fully funded and would…