Poundstretcher Owner Withdraws Rescue Bid for Rival Poundland

Poundstretcher owner withdraws rescue bid for rival Poundland

The owner of Poundstretcher has withdrawn its takeover bid for rival Poundland and is instead targeting an offer for hundreds of its stores – a move which will fuel fears of an imminent insolvency filing.

Poundland Faces Administration Threat As Poundstretcher Owner Backs Away From Full Acquisition

Poundland is facing growing uncertainty over its future after the owner of rival discount chain Poundstretcher withdrew its offer to acquire the entire business, raising the prospect of an administration process and significant job losses. According to Sky News, Fortress (more…) The post Poundland Faces Administration Threat As Poundstretcher Owner Backs Away From Full Acquisition appeared first on KamCity.

Poundstretcher owner scales back interest in Poundland

Fortress switches focus to buying individual stores amid growing insolvency concerns