Business · Companies · 12 hrs ago

Poundland to receive 16 million grocery items as rescue talks continue

Poundland to receive 16 million grocery items as rescue talks continue

Poundland is restocking its grocery shelves after shoppers reported empty shelves during the chain’s financial troubles.

More than 16 million grocery items are due over five days at Poundland and Dealz stores across the UK and Ireland.

The deliveries follow the release of funds by owner Gordon Brothers and the return of more than 50 suppliers.

The goods include crisps, confectionery, health and beauty products, and household staples.

Poundland has gained 10 working days from creditors after applying for a second notice of intention to appoint administrators.

The company is in talks with three potential buyers as it seeks a deal to keep the business going.

Its shops remain open, and the next step is to secure a rescue deal before the extra period runs out.

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What people are saying

Poundland statementStatement on behalf of the firm
Operation Gloria will rapidly re-stock grocery aisles over the next five days.
via Mirror
Over the past 48 hours, over 50 suppliers from across the UK and Ireland have backed Poundland by delivering 16m-plus new grocery items to its DCs in Makerfield near Wigan and Harlow in Essex.
via Mirror
Despite the current circumstances, Poundland continues to trade strongly.
via Mirror