Poundland in rescue talks as owners seek buyer

Poundland, which employs approximately 12,000 people across 600 stores in the UK and Ireland, is seeking a buyer as its management team pursues a buyout backed by Irish property developer Martin Property Group, with union Usdaw warning that the discount retailer could enter administration if a rescue deal fails, less than two years after Gordon Brothers acquired the struggling chain from Pepco for £1.

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