Poundland hits out at ‘speculation’ after union criticises owner
Poundland has hit out at the “speculation” engulfing the company’s sale after a retail workers’ union dubbed its US owner an “absolute disgrace”. Usdaw, the union representing shop workers, said earlier this week that it has “deep concerns” about US investment firm Gordon Brothers’s sale of the business. Bally Auluk, Usdaw’s national officer, claimed Poundland’s [...]
Poundland has dismissed as "speculation" the union's criticism of its US owner, according to sources. Retail workers' union Usdaw has expressed deep concerns about Gordon Brothers, the owner's investment firm, alleging it refuses to engage for a secure future of the business. Usdaw's national officer, Bally Auluk, claimed the company is on the brink of falling into administration, putting 12,000 jobs at risk.
However, Poundland's management contends they have repeatedly offered to meet with Usdaw, yet received no response. Barry Williams, Poundland's managing director, wrote to staff clarifying that press speculation on a management buyout was incorrect, with Poundland preferring one of the bidders, Martin Property Group. Poundland spokesperson stated that they have always had an open door to Usdaw and are focused on the recovery process.
Usdaw remains in contact with Poundland management, expecting further meetings as Gordon Brothers weighs multiple bids for the business.
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