Poundland in rescue talks as owners seek buyer

Retail chain Poundland is in talks with potential buyers as it seeks a rescue deal, it has confirmed. Executives are working with an Irish property development group on a management buyout, as first reported by Sky News, external . But a union representing shopworkers warned that the retailer could fall into administration if that deal falls through, putting thousands of jobs at risk. This outcome would be a disaster for our members, the Usdaw union said. Poundland has about 600 stores in the UK and Ireland, and 12,000 employees.