Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Gordon Brothers, which acquired the chain for £1 last year, is currently evaluating multiple bids for the company. A spokesperson for Gordon Brothers said: “While Martin Property Group had been identified as the preferred bidder by Poundland’s management team, attention must now turn to other active bids. “As well as interest from buyers for the…
Poundland owner pushes for insolvency with jobs and stores at risk The Times Read the original article here
Poundland faces insolvency as thousands of jobs under threat The Independent Read the original article here
Discount retailer Poundland could be broken up after its owners began weighing up offers for sections of the business. It is understood that owner Gordon Brothers – which only acquired the chain last year for £1 – is currently moving away from the primary solvent takeover bid, raising the prospect of the group entering insolvency…
Poundland faces insolvency and break-up as Gordon Brothers weighs rival bids Business Live Read the original article here
The budget retailer’s owner, Gordon Brothers, is considering offers to buy parts of the business rather than accepting a solvent takeover. Poundland has branches in Southend, Chelmsford, Colchester, Clacton, Grays, Harlow, Basildon and Braintree, with 15 stores across Essex. It operates about 600 shops nationwide and employs around 12,000 people. Its latest Essex branch opened…