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Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

11.11.2026 21:10 | The Guardian World

Retailer’s management to seek two-week extension of legal protection from creditors in high courtMPs have accused the owner of Poundland of extracting millions of pounds from the budget retailer when it was on a “knife-edge” as it seeks extra time to secure a rescue deal.The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a two-week extension of legal protection from creditors from the high court on Thursday morning. Continue reading...

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