Poundland gains more time to find buyer as rescue talks continue
The retailer has a further 10 working days of protection from creditors while it seeks a deal to avert insolvency.
Poundland has secured a further 10 working days of protection from creditors as it seeks a buyer and negotiates a potential rescue deal to avert insolvency.
Court documents show that the retailer has applied for a second notice of intention to appoint administrators after the first expired on Thursday. The extension gives the business more time to reach a deal, but a rescue has yet to be secured.