World & BusinessPoundland owner reportedly demands £30 million for chain bought for less than £1
The Financial Times reports that Gordon Brothers is asking bidders to repay in full a shareholder loan inherited from Poundland’s previous owner.
TLDR
The Financial Times reports that Gordon Brothers is demanding £30 million for Poundland, which it bought for less than £1. The demand involves asking bidders to repay in full a shareholder loan inherited from the chain’s previous owner, the FT says.
Poundland owner reportedly demands £30 million for chain bought for less than £1
The Financial Times reports that Gordon Brothers is asking bidders to repay in full a shareholder loan inherited from Poundland’s previous owner.
TLDR
The Financial Times reports that Gordon Brothers is demanding £30 million for Poundland, which it bought for less than £1. The demand involves asking bidders to repay in full a shareholder loan inherited from the chain’s previous owner, the FT says.