Owner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bid

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The shop workers’ union Usdaw has urged Poundland’s owners to reconsider a decision to prepare the budget chain for administration, putting up to 12,000 jobs at risk.

Gordon Brothers filed a notice of intention to appoint administrators to Poundland at the high court on Thursday, with the advisory firm AlixPartners lined up to run the process.

Catherine’s Originals denies Mondelēz claims in London high court of ‘passing off’ and trademark infringement

The owner of Toblerone is taking legal action against a tiny British vegan chocolate brand which it claims has been copying the Swiss chocolate bar’s famous chunky shape.

Mondelēz has filed papers at the high court in London accusing Catherine’s Original’s of “passing off” and trademark infringement with its O’bar – a length of chocolate divided into segments each with a rounded semi-oval hump.

Jonathan Reynolds’ team has written to Gordon Brothers, which bought retailer for £1 last summer, to ‘establish the facts’

The business secretary’s team has written to the owner of Poundland amid fears that the cut-price retailer could collapse into administration, threatening to overshadow John Healey’s budget.

Sources said that Gordon Brothers, the US investment firm that bought the 600-store Poundland chain for £1 last summer, looks set to appoint administrators to the struggling retailer.