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Hughes, D. (2026, November 4). Burnham calls for Poundland executives to work with Government to save stores. Evening Standard. https://www.standard.co.uk/business/business-news/government-andy-burnham-poundland-jonathan-reynolds-prime-minister-b1303563.html
Hughes, David. “Burnham calls for Poundland executives to work with Government to save stores.” Evening Standard, 4 Nov. 2026, https://www.standard.co.uk/business/business-news/government-andy-burnham-poundland-jonathan-reynolds-prime-minister-b1303563.html.
Hughes, David. “Burnham calls for Poundland executives to work with Government to save stores.” Evening Standard, November 4, 2026. https://www.standard.co.uk/business/business-news/government-andy-burnham-poundland-jonathan-reynolds-prime-minister-b1303563.html.
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John Burnham, while attending the Commonwealth Heads of Government meeting in Antigua, urged Poundland's executives to work with the government and interested buyers to save the struggling retail chain. Gordon Brothers, which acquired Poundland last year for £1 and initiated a sale process in September, is under pressure to accept bids aimed at saving the retailer from collapse. Burnham suggested that while there are limits to what ministers can do, they are prepared to find ways to help.
Xyra, a little-known investment group backed by veteran businessman Andrew Brode, recently proposed buying Poundland for £12.5 million up front. Talks are ongoing with several major supermarket chains and other retail companies interested in acquiring some of the stores. Burnham emphasized focusing on employees and communities, urging executives to meet with the Business Secretary to develop practical solutions that save jobs and maintain viable store operations.