Poundland founder rules himself out of 11th-hour bid to save retailer
Poundland founder Steve Smith told Retail Week the retailer’s filing last week of a notice to appoint administrators would present “a problem” for any 11th-hour bidders looking to save the stricken brand.
Smith confirmed that he had reached out to Poundland owner Gordon Brothers “a few months ago” when he heard the retailer had been put up for sale. “When they didn’t reply to me, I thought, well, they must have some good offers in which they’d find acceptable.”
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