# Poundland owner took millions while chain was on ‘knife-edge’, MPs say

https://mins.news/en/item/139528

- The Guardian, 2026-11-11 19:10 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/nov/11/poundland-owner-chain-mps-claim-high-court

> MPs accused Gordon Brothers of taking millions of pounds from Poundland while the discount retailer was on a “knife-edge.” Poundland’s management will ask the High Court for a two-week extension of creditor protection as it seeks more time to secure a rescue deal. The chain has 600 stores and 12,000 employees in the UK and Ireland.