Ministers hold urgent talks as former Poundland owner offers investment

Ministers meet Poundland chiefs as the retailer's founder offers a rescue investment.

British government ministers are holding urgent meetings with discount retailer Poundland's board to discuss its ownership crisis. Meanwhile, the company's founder has offered financial backing after attempting to reach its private equity owner. This follows the high-street chain's recent move toward administration, which threatens thousands of jobs.

• The rescue offerSteve Smith stated he tried to contact Gordon Brothers regarding an investment proposal but received no response.
• The backgroundThe discount chain recently filed court notices of intention to appoint administrators amid financial pressures.

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