Business / NEWS UPDATE
Poundland's former owner offers to invest as minister prepares to meet board
Published · 1 min read
Poundland's founder, Steve Smith, has offered to invest in the company, while a government minister, Kate Dearden, is set to meet the firm's board.
Gordon Brothers, the current owners, are evaluating offers for the business and have rejected a takeover from Martin Property Group. The company faces potential insolvency, risking up to 12,000 jobs, and is under pressure to find a rescue deal by Thursday.