Poundland suppliers warn that if the retailer collapses, they will suffer millions in losses, urging intervention to prevent the US owner from prioritizing its own returns over their financial stability.
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British companies that supply the budget retailer face millions of pounds-worth of losses if it collapsesSuppliers 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 intervene in the situation.The fate of the retail chain, its 12,000 staff and about 2,000 suppliers remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday. Continue reading...
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