UK government urges Poundland owners to collaborate on store preservation
Andy Burnham has urged Poundland’s owners to work with the government to prevent store closures and protect employee jobs.
This appeal comes as Business Secretary Jonathan Reynolds is scheduled to meet with Gordon Brothers, the US-based owners of Poundland, following government concerns regarding their management of the retailer.
Poundland initiated administrator appointment proceedings last week, potentially jeopardizing the positions of approximately 11,000 employees.
Gordon Brothers acquired Poundland for £1 last year and initiated a sale process in early September. They are now facing pressure to accept a bid that would preserve the retailer, despite expressions of interest from several major supermarket chains.
“Focus on the people in your employment,” Burnham stated. “Meet with the Business Secretary because we are setting up that meeting. Come up with a practical solution that saves jobs and saves those stores because many of them are viable propositions.”
He emphasized the importance of Poundland stores within communities and expressed the government’s willingness to explore options for assistance.
Source
“Burnham calls for Poundland executives to work with Government to save stores”
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