Poundland

Poundland sold to Gordon Brothers for under £1

admin1 day ago04 mins

Pepco Group has completed the sale of UK value chain Poundland with Gordon Brothers the new owner, as expected. Pepco said the transaction enables the group to focus on the higher-growth and higher-margin eponymous business. Photo: Sandra Halliday And for Poundland it’s a lifeline for a business that has been struggling for a while and…

Poundland sale: Gordon Brothers perhaps in pole position, rent cuts may be likely

admin2 days ago05 mins

The battle to keep Poundland going is being fought on two fronts and a preferred bidder for the struggling group could emerge this week. Photo: Sandra Halliday First, the discount retailer’s parent company Pepco Group is understood to want to sweeten a takeover bid by Gordon Brothers to the tune of tens of millions of pounds,…