Poundland owner secures two-week creditor protection extension as sale talks continue

Poundland's parent company obtained a two-week extension of creditor protection from the UK High Court, giving it time to assess bids from three parties, with US investment firm Gordon Brothers conducting due diligence on bidder funding. The outcome remains uncertain, but failure to secure a deal could lead to administration, affecting 12,000 employees and 600 stores.

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