Poundland suppliers urge owner to seek solvent sale and protect creditors
- Poundland’s future remains uncertain after it filed an administration notice.
- Suppliers fear unpaid debts and stock losses if the chain is broken up.
- Gordon Brothers is discussing buyers while considering asset sales.
Poundland suppliers say the retailer’s US owner, Gordon Brothers, should explore a solvent sale rather than maximise its return through an administration that could leave them with unpaid debts. The chain’s future is uncertain after it filed a notice of intention to appoint administrators, putting about 12,000 jobs…