Business
Burnham 'ready to support' Poundland staff as retailer faces collapse
Poundland's bosses are filing a notice of intention to appoint administrators to the business.
BBC Business•
Andy Burnham has said the government is "ready to support" Poundland staff as the retailer teeters on the brink of collapse.
The prime minister called for answers over why an offer to buy the business from its current owners, which would have protected jobs, was rejected.
The discount chain is teetering on the edge after its US-based owners Gordon Brothers cut off a vital funding supply and rejected a takeover offer from Irish firm Martin Property Group (MPG).
These include Poundstretcher owner, Fortress, which according to one insider is interested in taking on between 200 and 250 stores.