Poundland owners face grilling from MPs as discount retailer veers towards collapse

Poundland’s owners are set to be grilled on whether they are “trying to crash the retailer into administration” as political pressure mounts over the corporate raider” investment firm. Gordon Brothers, the US investment firm which owns Poundland, is set to be hauled in front of Parliament’s influential business committee next week and quizzed on what it is doing to protect the chain’s 12,000 workers from redundancy. The investment firm is being put under growing political pressure over its handling of an attempted sale of the retailer, as bosses of Gordon Brothers and Poundland met with government ministers on Wednesday. Poundland’s owner will be grilled on whether it is intentionally driving the retailer towards collapse in a bid to strip more money from the chain, a source close to the committee told City AM. They said: “The questioning will go to the basic point: ‘what are you doing apparently trying to crash this chain into administration with however many job losses