Poundland Group Ltd began insolvency proceedings just over a year after the discount retailer was bought by Gordon Brothers for £1 ($1. 38), in another blow to Britain’s ailing high streets.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-29/poundland-starts-insolvency-process-in-latest-uk-retail-setback-mvtlavzt)