Poundland being sold off for just £1

BARGAIN chain store Poundland is due to be sold off for a pound this week, reports state — as a range of bidders circle the embattled retailer.

- By Tony Whitfield

The nominal fee is because of the significant turnaround project required by the buyer to reverse its declining performance.

But thousands of jobs are at risk as stores are shut to save the brand as part of any rescue package.