Poundland management in rescue talks that could save 11,000 jobs

Ex-Asda boss Andy Bond linked to plan, with buyout team understood to be negotiating with financial backer

Poundland's management team are in advanced talks" to lead a rescue bid for the ailing cut-price retailer that could save more than 11,000 jobs.

The former Asda boss Andy Bond, who ran Poundland for a number of years from 2016 then stepped up to its former parent Pepco before leaving in 2025, is understood to be part of the negotiations to take on the business.