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Poundland Close To Collapse As Thousands Of Jobs Face Risk. Poundland is reportedly close to collapse, putting thousands of jobs at risk as three recently appointed directors prepare to resign. The directors were appointed to oversee an emergency sale but are expected to quit following a dispute with majority owner Gordon Brothers. The disagreement centres on Gordon Brothers' decision not to accept a solvent takeover offer from Martin Property Group. Poundland could enter administration within days unless a rescue deal emerges, although a revised offer could still be submitted. The retailer employs more than 10,000 people and operates around 600 stores across the UK and Ireland. Several retailers, including Poundstretcher, B&M, Iceland and The Range, have reportedly expressed interest in acquiring parts of Poundland's store network.
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