Poundland in rescue talks as owners seek buyer

Retail chain Poundland is in talks with potential buyers as it seeks a rescue deal, it has confirmed.

Executives are working with an Irish property development group on a management buyout, as first reported by Sky News , external .

But a union representing shopworkers warned that the retailer could fall into administration if that deal falls through, putting thousands of jobs at risk.

This outcome would be "a disaster for our members", the Usdaw union said.

Poundland has about 600 stores in the UK and Ireland, and 12,000 employees.

The chain has been struggling for a number of years due to pressures including rising costs and competition.

However, it expects sales to have grown more than 3% in 2026 compared with the previous year, which managing director Barry Williams said earlier this month was evidence that its recovery plan "is working".

The retailer was sold for £1 last summer by previous owner Pepco to US investment firm Gordon Brothers.