53 h. ago Poundland sold for £1 and set to shut shops in restructuring

Laura Ashley owner Gordon Brothers has struck a deal to buy Poundland from European retail group Pepco.

Economics

54 h. ago 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.

Politics

55 h. ago Poundland to be sold 'within hours' as thousands of job at risk from new owners

Aa rescue deal fpr discount retailer Poundland is set to be confirmed, potentially today, with the future of hundreds of stores and thousands of staff members under threat

Events

1 week ago Poundland set to close store as '200 more at risk of shutting their doors'

A spokesperson for the budget retailer confirmed the 'sad' closure later this summer stating that they were 'unable to agree the terms' needed to keep the shop open

Events

3 w. ago Hundreds of Poundland stores at risk of closure as chain is set to be sold

The 825-strong chain has been up for sale since March.

Events

3 w. ago Poundland set to be sold ‘for a pound’ as frontrunners for takeover are revealed

Gordon Brothers, the former owner of Laura Ashley, is said to be the front runner to take control of Poundland

Politics

4 w. ago Poundland is set to be sold 'for a pound': 200 stores face the axe with thousands of jobs at risk as frontrunners for takeover are revealed

Industry sources have suggested that Poundland is now unlikely to 'survive without a large number of store closures', in another blow for the UK high street.

Events