MPs accuse Poundland’s US owner of ‘predatory capitalism’

MPs have urged the government to protect Poundland from predatory capitalism and asset-stripping after the retailer filed a notice of intention to appoint administrators. The US owner, Gordon Brothers, has appointed AlixPartners to manage the process. With 12,000 jobs at risk, members of the House criticised the restructuring specialist for failing to accept buyout offers. The fate of the discount chain remains uncertain as lawmakers condemn the owner's approach to the business's potential collapse.