Protect Poundland from predatory capitalism, MPs tell government

Image: The Guardian
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- Budget retailer and 12,000 jobs at risk after US owner fails to accept buyout offers MPs have called on the government to protect Poundland and other high street stores from “predatory capitalism” and asset-stripping. The fate of the retail chain and its 12,000 staff remains uncertain after it…
- British companies that supply the budget retailer face millions of pounds-worth of losses if it collapses Suppliers facing millions of pounds in losses if Poundland collapses have said the chain’s US owner “should not be permitted” to maximise its return at their expense, as ministers attempt to…
- Gordon Brothers still in ‘active discussions’ with interested parties and seeks to ‘protect as many jobs as possible’ The US owner of Poundland has said the high street chain remains “challenged and vulnerable” after holding talks with ministers amid government criticism of its handling of the…