00:01Poundland reshaped the high streets with a familiar retail idea fixed price shopping
00:07Woolworths had used it about a century earlier but in 1990 Poundland opened its first shop
00:13in Burton-upon-Trent with a simple promise everything for a pound inflation made that
00:19promise harder to keep Poundland introduced other prices while supermarkets and discounters
00:25competed for its customers in the year to September 2025 it made an 85 million pound loss before tax
00:33American investment firm Gordon Brothers bought the struggling chain from Petco in 2025 Poundland
00:41says trading has since improved but Gordon Brothers rejected a management back bid to buy the whole
00:47business that leaves uncertainty here in the West Midlands where Poundland has its head office in
00:53Warsaw workers have protested there worried about their jobs with around 12,000 at risk across the
01:01business Gordon Brothers is now pursuing offers for other parts of the chain making a breakup increasingly
01:07likely Poundland has filed a notice of intention to appoint administrators giving it 10 working days
01:14protection from creditors while advisors seek a deal stores remain open and selling parts could save
01:21some shops and jobs but it's not yet clear what any deal would mean for the Warsaw head office
