P207news.today207Sun 01 Nov14:00
NEWS.TODAY
BUSINESS 7/9
Poundland faces collapse with warnings of 30,000 job losses
Poundland faces administration with founder Steve Smith warning of up to 30,000 job losses.
Poundland is on the brink of collapse after its US owner Gordon Brothers filed a notice of intention to appoint administrators. Founder Steve Smith has warned the company's failure could trigger 30,000 job losses, though the company itself has warned of 12,000 direct job losses. Smith has accused Gordon Brothers of greed and claimed he tried repeatedly to buy the company back but was refused.
From 2 outlets:
Summary written by AI from these reports. See news.today/ai
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