Poundland 'could run out of money next week' without rescue deal
Source: BBC
Poundland could run out of money by the end of the week if a restructuring plan is not approved.The budget chain has asked a High Court judge to approve a deal which would save it from having to go into administration.Poundland has around 14,700 staff and operates about 800 stores. It previously announced plans to close 68 shops after it was sold to a subsidiary of a private equity firm for £1, putting about…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at BBC