Poundland supplier warns of collapse “ripple effect” as No 10 presses owner
Highcrest says it stands to lose millions; its sales director says other suppliers told him they could go under; Gordon Brothers defends £85m financing as ministers seek clarity
One of Poundland's long-standing suppliers says it will lose millions if the discount chain collapses; its sales director says other suppliers have told him they could go under, as ministers step up pressure on owner Gordon Brothers to accept a solvent rescue. The retailer filed a notice of intention to appoint administrators last week and is not yet in administration.