Poundland could go into administration ‘within days’ – 12k jobs at risk

It has been revealed that Gordon Brothers, who bought Poundland for £1 last year, could force an administration process this week.It is feared Poundland could plunge into administration within days, with around 12,000 jobs at risk. The Union of Shop, Distributive and Allied Workers (Usdaw), which is one of the largest trade unions in the UK, revealed that the discount chain’s current owner, private equity firm Gordon Brothers, could force an administration process as early as Tuesday (October 13).