US EditionPoundland Could Be Sold for Just £1 Amid High Street Struggles - Manchester Evening News
- Poundland, a UK discount retail chain, could be sold for just £1 as its owner, Pepco Group, faces tough trading conditions and is exploring all strategic options to separate the chain from the group.
- Gordon Brothers is reportedly the frontrunner to acquire Poundland, with other interested parties including Modella Capital and Alteri.
- Thousands of jobs may be cut if a rescue deal is implemented, as some of Poundland's stores may close regardless of a buyer.
11 Articles
11 Articles
Metro News
MSNPoundland 'to be sold for £1' with hundreds of stores facing closure
The high street favourite brand has 850 stores employing more than 16,000 staff across the country (Picture: Getty Images) Thousands of jobs could be cut as part of a rescue deal to save Poundland. The high street favourite brand has 850 stores employing more than 16,000 staff across the country. But hundreds of stores may have to be shuttered – regardless of whether a buyer is secured. Poundland’s parent company revealed earlier this year it wa…
The Sun
Poundland to be sold for £1 after wave of store closures across UK
GettyPoundland Retail Store on Strood Retail Park at Commercial Rd in Rochester, England. This is a commercial business.[/caption] POUNDLAND is set to be sold for just £1 as bidders circle the floundering business. Gordon Brothers, the ex-owner of Laura Ashley, has become the frontrunner to takeover the bargain chain, which recently announced a wave of store closures across the UK. AlamyPoundland is set to be sold for just £1 as bidders circle t…
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