The performance at Poundland is the only clear lag on the business which the company says can be partly attributed to a lack of demand for Pepco-sourced product ranges in the UK.

wikipedia

Reuters

United Kingdom

Discounter Pepco books 775 mln euros Poundland charge; annual loss

 European discount retailer Pepco reported an annual net loss of 662 million euros ($699 million) citing a non-cash impairment charge of 775 million euros for its Poundland business in the UK on a weak performance and outlook.

Ad Fontes Media

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Media Bias/Fact Check

The Woodbridge Company

Trading has come under intense pressure at Poundland with like-for-like sales dropping 3.6% over the year.

Daily Express

Reach plc

Poundland boss blames Rachel Reeves's Budget as popular chain suffers £640m loss

POUNDLAND is facing an uncertain future as tumbling profits have prompted its owner to admit it was considering what to do with it.Polish owner Pepco

The Sun

Murdoch family

Poundland takes £639million hit to value as profits crash and costs soar

European discount retailer Pepco Group, which trades as Dealz here, has reported an annual net loss of €662m, citing an impairment charge of €775m for its Poundland business in the UK on a weak performance and outlook.

RTÉ

Government of Ireland

Ireland

Discounter Pepco books €775m impairment on Poundland

The discount chain’s owner, Pepco, swung to a full-year pre-tax loss of 554 million euros (£457 million) after booking the write-down on Poundland.

Evening Standard

Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

London

Greater London

England

Poundland takes £640 million hit on Budget costs and sales woes

Sky News UK

Roberts family

Poundland takes £642m hit on 'challenges' amid budget threat

Poundland's future is in doubt after the new boss of its Polish owner said the company would consider 'every strategic option' for the struggling UK discount giant

Chronicle Live

Newcastle upon Tyne

Tyne and Wear

Poundland's future in doubt after owner takes huge hit on discount chain

Discount retail giant Pepco slumped to a loss of more than £450m after weak performance from Poundland in the UK, it has been revealed. The European group has posted a pre-tax loss of €554m (£458.7m) for the 12 months to 30 September, 2024, after having made a profit of €159m (£131.6m) in the prior year. The loss comes as Pepco Group booked an impairment charge of €775m (£641.8m) for Poundland following a significant fall in performance. The UK …

City AM

Poundland owner Pepco slumps to huge loss after £640m hit

POUNDLAND is encountering an uncertain future as toppling earnings have really motivated its proprietor to admit was contemplating what to do with it. Polish proprietor Pepco has really taken a ₤ 639million writedown on the value of the worth reduce vendor, which has 836 shops within the UK. It comes amidst weak earnings and rising bills. Stephan Borchert, president, the opposite day claimed: “It is important to look at every option to bring it …

India Daily Mail

Poundland takes ₤ 639million struck to price as earnings accident and bills rise

Pepco said it was taking the impairment charge – a reduction on the perceived paper value of its assets – following “challenges” including poor performance and increased competition across its last financial year. Pepco said it was also taking account of a weaker outlook and higher costs facing Poundland, which employs around 15,000 staff. The charge, the company added, was primarily a goodwill gesture based on the original acquisition of the ch…

Great Yorkshire Radio

Poundland Takes £642m Hit On 'challenges' Amid Budget Threat - Great Yorkshire Radio

Poundland takes £642m hit on 'challenges' amid budget threat

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