Fortress-Backed Poundstretcher Wins Court Approval for Rent Cuts
Poundstretcher Ltd.’s restructuring plan won court approval, giving the struggling UK discount retailer a lifeline to continue trading as it battles deteriorating finances and a costly portfolio of stores.
By Constantine Courcoulas · Bloomberg Markets
Poundstretcher Ltd.’s restructuring plan won court approval, giving the struggling UK discount retailer a lifeline to continue trading as it battles deteriorating finances and a costly portfolio of stores.