8 Articles
8 Articles
Poundland Faces Uncertain Future as Hundreds of Stores at Risk
Up to 200 Poundland branches may be forced to close under the terms of a potential rescue deal, placing hundreds of jobs and high street presences at risk.The discount retail chain, which has been on the market since March, is attracting final bids this week. According to The Sunday Times, investment firm Gordon Brothers has emerged as the leading contender. Other interested parties include Hilco Capital, Endless, and Modella Capital — the priva…
Poundland: Gordon Brothers in pole position to snap up discount chain - Retail Gazette
Poundland could be snapped up by Gordon Brothers, who is reportedly in “pole position” to acquire the business. The shortlist of bidders for the discounter also includes turnaround investors Hilco Capital, Endless and Modella Capital — the private equity firm behind The Original Factory Shop and WHSmith’s high street business. The Times reported that bids for the discount giant expected to be made tomorrow (20 May) with Gordon Brothers is in pol…
Poundland Could Be Sold For £1 With Significant Store Closures Likely
Final bids for Poundland are expected this week, with the embattled discount retailer potentially being sold for a pound to an investment firm that could close hundreds of stores to stabilise the business. According to The Sunday Times, Gordon Brothers, (more…) The post Poundland Could Be Sold For £1 With Significant Store Closures Likely appeared first on KamCity.
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