Summary from the original article
The owner of Poundland has agreed to release around £10m of funding in order to pay the firm’s suppliers a day before its bosses are grilled by the government. Gordon Brothers, the US investment firm which owns the retail group, will unlock the funds held on Poundland’s balance sheet as the first in a series [...]
By Rosie Harris-Davison ·
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Upgrade this serverA board meeting on Wednesday night was expected to decide the fate of the high street chain.
5 hours ago · standard.co.uk
Kanes Food Limited, based in Worcestershire, which supplied supermarkets up and down the UK with ready meals has gone into administration with 662 people facing losing their jobs
11 hours ago · mirror.co.uk
It comes after the supermarket made around 100 roles redundant earlier this year
12 hours ago · manchestereveningnews.co.uk
The discount supermarket is consulting with its technology team over the proposals
12 hours ago · independent.co.uk
His visits as a shopper exposed problems at the supermarket
13 hours ago · manchestereveningnews.co.uk
David Potts told the supermarket's 1,100 store managers to spend more time on the shop floor helping staff and checking stores are ready for customers.
14 hours ago · dailymail.com
Aldi update issued on Wednesday
17 hours ago · birminghammail.co.uk
Supermarket’s move labelled ‘shortsighted’ by worker who calls upper management ‘woefully out of touch with reality’ Aldi’s UK business is cutting hundreds of head office and logistics roles as part of a global effort to trim costs at the budget grocer. The retailer is consulting with its technology team on the loss of up to 150 roles after 103 redundancies in its finance and administration team earlier this year and almost 20 more redundancies among buying directors. Continue reading...
17 hours ago · theguardian.com
The BBC understands the discount chain, which has been edging towards administration, will be given more time to find a buyer.
23 hours ago · bbc.co.uk
Lidl has confirmed this will be a 'first-ever' for the supermarket
23 hours ago · liverpoolecho.co.uk
The Journal · Yesterday
TD calls for Government to help secure Dealz stores and protect jobs ahead of ChristmasBloomberg · 2 days ago
French Grocer Casino Agrees Debt Deal With Opposing CreditorsDaily Record Asda boss confirms major change to staffed checkouts across stores with 'immediate effect'
Yorkshire Post Asda: New CEO calls on managers to spend more time on shopfloors and ‘get more products on shelves’
The Guardian Aldi cuts hundreds of UK head office and logistics roles as part of global cost trimming
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