Poundland directors quit as retailer teeters on brink of collapse

The crisis at Poundland has deepened as experts brought in to help save the company quit – sparking fresh fears for 12,000 jobs.

Three directors, appointed less than a fortnight ago, have walked out following a dramatic dispute with private equity owners Gordon Brothers.

The shake-up came after the owners, who bought Poundland for just €1 last year, turned down a rescue offer from would-be buyer Martin Property Group.

It is feared they will instead break the company up and sell off the shops piecemeal – or even let it fall into insolvency.

Poundland bosses turned on their owners on Monday following the departures

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