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Poundland management in rescue talks that could save 11,000 jobs

September 30, 2026 The Guardian World 1 min read
The Guardian World · Leans Left
Poundland management in rescue talks that could save 11,000 jobs

Ex-Asda boss Andy Bond linked to plan, with buyout team understood to be negotiating with financial backer

Poundland’s management team are in “advanced talks” to lead a rescue bid for the ailing cut-price retailer that could save more than 11,000 jobs.

The former Asda boss Andy Bond, who ran Poundland for a number of years from 2016 then stepped up to its former parent Pepco before leaving in 2025, is understood to be part of the negotiations to take on the business.

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Source: The Guardian World

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