# Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

- Source: Guardian World
- Published: 2026-11-11T19:10:26+00:00
- Category: World
- Original: https://www.theguardian.com/business/2026/nov/11/poundland-owner-chain-mps-claim-high-court
- Canonical: https://groundlevelnews.com/story/poundland-owner-extracted-millions-when-chain-was-on-knife-edge-mps-sa-115de8/

Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the retailer when it was on a “knife-edge” as the budget retailer seeks extra time to secure a rescue deal. The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a

_Ground Level News shows a short summary only; the full article and all rights belong to Guardian World._