Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the retailer when it was on a “knife-edge” as the budget retailer seeks extra time to secure a rescue deal. The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a…

First reported by The Guardian 38 min ago1 source

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The Guardian19:1038 min ago
Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say (opens The Guardian in a new tab)
Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the retailer when it was on a “knife-edge” as the budget retailer seeks extra time…

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