Story perspectives
Poundland Faces Liquidation Risk as Gordon Brothers Threatens Exit
By Drooid · · How we work
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Story summary
- Gordon Brothers' UK emergency-sale team is on the brink of resigning, raising Poundland insolvency risk.
- Martin Property Group board members offered to repay a £30 million shareholder loan on existing terms.
- Gordon Brothers fears Poundland could be liquidated before the loan repayment date.
- If insolvent, Poundland’s collapse would threaten over 12,000 jobs at 600 UK stores.
- Gordon Brothers is reviewing bids from Wilko, CDS Superstores, Fortress and Modella to sell parts.