Poundland plots store closures and rent cuts under restructuring plan

Poundland is planning a financial overhaul of the business in a bid for survival, which could see mass store closures and steep rent cuts imposed.
The discount chain has identified hundreds of stores for rent reductions and possible closures ahead of a possible sale, The Telegraph reported.
The retailer was put up for sale in March and the auction has since been narrowed down to distressed investors Hilco and Gordon Brothers.
It is understood that Poundland’s new owner will inherit a radic