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Poundland unable to buy new stock as fears over collapse grow

The discount chain is continuing to edge towards collapse and is said to be "running on fumes", according to one insider.

By BBC News

Excerpt shared by Lazyfounder

·Excerpt
Poundland unable to buy new stock as fears over collapse grow
Image: BBC News (Tech & Business)

Poundland is unable to buy new stock to fill its shelves after being blocked by its owners from accessing cash in its bank accounts.

The discount chain is on the brink of collapse with one insider describing it as "running on fumes". It has until Thursday to secure a rescue deal

About £50m has been frozen by its American…

Continue reading on BBC News ↗

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