Future still uncertain for Rotherham Poundland staff - but rescue bid deadline extended
More money released by owners to keep company going
Workers at Rotherham’s branch of beleaguered Poundland at the Parkgate Shopping Centre are still watching and waiting as the business’s future continues to be unclear.
The company - which has a supersized store at the shopping centre on Stadium Way - recently filed to appoint administrators at the High Court.
It was reported yesterday that its US owners, Gordon Brothers, had agreed to extending a deadline for a rescue deal to be reached.
Gordon Brothers bought Poundland last year for £1 and had previously blocked funding to the business but money has been released in recent days.
The rescue bid deadline was due to have ended at midnight.
Gordon Brothers has also been accused of wanting to sell off bits of the business rather than going for a full sale.
Recent reports have suggested that rivals Poundstretcher, B&M and Lidl may be interested in snapping up stores.