The front of a Poundland shopImage source, Getty Images
ByEmma Simpson, Business correspondent and Simon Jack, Business editor
  • Published4 minutes ago

Poundland is unable to buy new stock to fill its shelves after being blocked by its owners from accessing cash in its bank accounts.

The discount chain is on the brink of collapse with one insider describing it as "running on fumes". It has until Thursday to secure a rescue deal

About £50m has been frozen by its American owner Gordon Brothers, the BBC understands, meaning its 600 shops are running out of stock.