Poundland sold for £1 as restructuring to see dozens of stores close

Famous discount chain Poundland has, ironically, been sold for a pound to investment firm Gordon Brothers, which has taken over ownership of Poundland's 800+ stores and roughly 16,000 employees. However, as part of the deal, Poundland is set to undergo a restructuring plan which will require court approval and will likely see cuts to stores across the country.

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