British discount retailer in the spotlight
Poundland faces administration risk as Gordon Brothers is pressed over a 30m loan. Martin Property Group and Xyra Group Holdings are weighing solvent bids to rescue the business, while government ministers and MPs seek clarity on the rescue process.
Alvarez & Marsal is coordinating a sale of Poundland after Gordon Brothers acquired the chain for £1 last year. Initial bids are expected early next month as potential buyers, including Modella Capital, weigh the upside of a revived discount retailer ahead of the festive period.