The Guardian reported that MPs have asked the government to safeguard Poundland and other high street stores, raising concerns about asset-stripping. The future of the budget retailer and its 12,000 staff remains uncertain, according to the Guardian, after the company filed a notice of intention to appoint administrators at the high court last Thursday. The Guardian reported that the chain and its jobs were put at risk after its US owner failed to accept buyout offers.
Source: The Guardian.

