Clock ticks on Poundland as owner thought to eye bigger payday from break-up

Poundland’s US owner Gordon Brothers is understood to believe it can raise more money from breaking up the discount retailer than from accepting a management-backed rescue bid.

The Walsall-based chain’s management is due to meet Kate Dearden, the minister for the future of work, tomorrow, as political pressure mounts on Gordon Brothers to accept the offer from Martin Property Group.

Poundland is protected from creditors until 12 November after its directors filed a notice of intenti... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...