Poundland has announced plans to close 68 stores and two UK warehouses as part of a restructuring plan after being sold to investment firm Gordon Brothers. Economics
This is a breaking news story and is constantly being updated as the story develops Economics
There are over 800 Poundland shops around the UK, but that number could be slashed under the terms of a new deal proposed by its new owners Economics
Poundland has already closed more than a dozen stores over the past few months and there are several more branches that are scheduled to close this summer Economics
The chain faces a major shake-up as tough trading forces radical cuts and a potential change of ownership 🛒 Events
Hundreds of branches could shut their doors for good as the budget retailer outlines a bold restructuring plan, according to reports Politics
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
It comes after Pepco Group, the owner of Poundland, announced it was going to sell the discount chain - with reports suggesting 200 stores could close Politics
Poundland owner Pepco has said it expects to sell the discount chain by the end of September after reporting a "weaker outlook" for the brand after a tough first half Politics