Poundstretcher in Administration Threat If Restructuring Plan Not Approved

Poundstretcher has warned that it could enter administration if creditors do not approve its proposed restructuring plan, with the High Court hearing the discount retailer faces a funding shortfall that could rise from £2.8 million in late June to £9.7 million by the end of July as the 300-store chain seeks to restructure liabilities and stabilise operations.

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