<p>Jonathan Reynolds has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’</p><p>The business secretary has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening to overshadow John Healey’s budget.</p><p>Sources said that Gordon Brothers, the US investment firm that bought the 600-store Poundland chain for £1 last summer, looks set to appoint administrators to the struggling retailer.</p> <a href="https://www.theguardian.com/business/2026/oct/28/business-secretary-jonathan-reynolds-poundland-owner-gordon-brothers-administration-fears">Continue reading...</a>
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Business secretary writes to Poundland owner as administration fears build
<p>Jonathan Reynolds has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’</p><p>The business secretary has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening to overshadow John Healey’s budget.</p><p>Sources said that Gordon Brothers, the US investment firm that bought the 600-store Poundland chain for £1 last summer, looks set to appoint administrators to the struggling retailer.</p> <a href="https://www.theguardian.com/business/2026/oct/28/business-secretary-jonathan-reynolds-poundland-owner-gordon-brothers-administration-fears">Continue reading...</a>