Poundland supplier'will lose millions' if retailer collapses One of Poundland's suppliers has said it will lose millions if the firm collapses. While that supplier will stay afloat, it is feared that some small and medium-sized suppliers could go under. This is in addition to potentially thousands of job losses among staff. Politicians have been putting questions to representatives of Poundland owners Gordon Brothers this week seeking clarity on plans for the retailer. Adam Turner, sales director at Highcrest Retail Brands - a family owned Bradford business - told the BBC that Poundland was one of Highcrest's biggest customers, and that the firms have had a relationship for decades.

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.