Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say
The Guardian1 min read1 reads
Retailer’s management to seek two-week extension of legal protection from creditors in high court
Poundland employs 12,000 people and operates 600 stores in the UK and Ireland. Photograph: Hannah McKay/ReutersPoundland employs 12,000 people and operates 600 stores in the UK and Ireland. Photograph: Hannah McKay/ReutersPoundland 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 budget retailer when it was on a “knife-edge” as it seeks extra time to secure a rescue deal.
