Poundland to pause rent payments at hundreds of stores

Poundland will pause rent payments on hundreds of its stores if its restructuring plan is approved by creditors.
The struggling discount chain, which was acquired last week by US investor Gordon Brothers, is proposing to switch to paying zero rent on 250 of what it classes as Category C sites across the country, Sky News reported.
The retailer will have the right to terminate leases with 30 days’ notice at 70 of its loss-making shops – classed as Category 2 – and 60 days’