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Poundland faces administration as bidders circle

Original: poundland news

Poundland's future is in doubt, with unions warning the discount retailer could enter administration within days and saying they are deeply concerned the process is being pushed through. Interest in a rescue has emerged from Chris Dawson, the billionaire owner of The Range, who is reported to have joined the battle for the chain. The owner Pepco Group has been seeking a sale, putting thousands of jobs at stake.

Why now: Unions warn Poundland could go into administration within days while potential buyers, including The Range's owner, emerge.

PoundlandThe RangeChris DawsonGMB unionPepco Group

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Evidence

• Billionaire behind The Range joins battle for Poundland · The Times
• Unions fear Poundland will go into administration ‘within days’ · The Telegraph
• Union ‘deeply concerned Poundland is being pushed into administration’ · The Grocer

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