Future of Taunton's Poundland Uncertain After £1 Takeover

Future of Taunton's Poundland uncertain after £1 takeover

Changes are on the horizon for Poundland, with store closures across the UK inevitably looming after the chain was sold for £1.

Poundland to close dozens of stores after being sold for £1

Parent firm Pepco Group says it has completed the sale of the high street discount chain

Poundland Sold For Less Than £1 With Buyer Pledging Investment To Fund Turnaround

Pepco Group confirmed today that it has sold its struggling Poundland chain to Gordon Brothers for a headline figure of €1 (£0.85). The investment firm, which specialises in acquiring distressed assets, is pledging to invest up to £80m to help (more…) The post Poundland Sold For Less Than £1 With Buyer Pledging Investment To Fund Turnaround appeared first on KamCity.

Poundland sold to Gordon Brothers for £1

Pepco Group has announced that it has sold Poundland to investment firm Gordon Brothers for £1. The deal will provide the discount retailer with £80m in financing to be used for restructuring and turnaround. The business will continue to operate under the Poundland brand in the United Kingdom and under the Dealz brand in the Isle of Man and Republic of Ireland. Furthermore, current managing director Barry Williams will step up to chief executive…

Poundland sold for £1 as US investor plots turnaround

Poundland has been sold for just £1 to US firm Gordon Brothers, with a major business overhaul now on the cards for the struggling discounter. The sale by Polish parent…

Poundland set for ‘restructuring’ after takeover by Gordon Brothers

Pepco Group, which has owned Poundland since 2016, said it has completed the sale of the business for a ‘nominal’ fee.