London, Oct 29, 2026 (AFP) - Failing UK discounter Poundland launches rescue bid

NAMPA / AFP

2026-10-29

UK discounter Poundland on Thursday said it planned to appoint outside administrators to help save part of the failing business, with thousands of jobs at risk. Having failed to find a buyer for the entire business -- comprising about 600 mostly UK stores employing around 12,000 staff -- Poundland said it intends to appoint AlixPartners as administrators. "Despite enormous efforts it has not been possible to identify an acceptable offer for the b......

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