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The Latest Breaking News from Pepco

‘Not an attractive place to shop’: how Poundland lost its appeal to shoppers

Budget retailer had a pre-tax loss of more than £51m last year and is struggling to lure back customers amid stiff competition from rivals

The Guardian - UK

Poundland Sold for £1 Amid UK Retail Crisis—What Went Wrong With the Budget Giant?

Poundland has been sold for just £1 as financial woes deepen. Here's why the discount chain is struggling—and what it means for the UK high street.

International Business Times UK

Poundland sold for £1 with dozens of store closures expected

Buyer Gordon Brothers will invest up to £80m in discount retail chain to try to turn business around

The Guardian - UK

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Poundland 'to close 100 stores' after being sold for £1

Bargain chain Poundland is set to shut as many as 100 stores after being sold for £1

The National (Scotland)

Poundland sold for £1 and set to shut shops in restructuring

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

Evening Standard

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

The Independent UK

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.

Evening Standard

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Poundland expected to be sold by owner Pepco by September

It is understood that a number of investment firms and private equity groups are among those to have tabled proposals to buy the business.

Evening Standard

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

The Independent UK

Anger as Poundland stores possibly 'facing closure' amid 'challenging' landscape

Shoppers are angry after it emerged Poundland is set to be sold as it struggles to battle an "increasingly challenging" UK retail…

The National (Scotland)

Poundland up for sale as budget tax changes drive up costs

Owner Pepco Group considers ‘all strategic options’ amid ‘increasingly challenging UK retail landscape’

The Guardian - UK

European Central Bank cuts interest rates again, by quarter point – as it happened

Central bank lowers growth projections as it warns trade war fears are hurting Europe

The Guardian - UK

Poundland had a £1.6bn turnover last year - but this is why the owners want to sell up

The bargain basement shop is a high-street staple

The Independent UK

Poundland up for possible sale as soaring wage costs add to trading woes

Pepco Group said it was considering ‘all strategic options’ to spin out the struggling 825-strong Poundland chain, including a sale.

Evening Standard

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Evening Standard

Poundland put up for sale after sales slump in 'challenging' conditions for high street

Owner Pepco said Budget tax hikes have put extra pressure on the ailing chain

The Independent UK

Poundland owner to take ‘immediate measures’ to halt chain’s sales slump

Pepco Group said the UK business will increase the number of products it sells for £1 or less in a bid to improve its performance.

The Independent UK

Poundland forced to up security after millions lost to shoplifters

Stock shrinkage, including theft and shoplifting, amounted to £44 billion over the past year

Evening Standard

Poundland invests in new security technology after millions lost to shoplifting

The bargain retailer, which sells a large proportion of its products for £1 or less, said it had been a particular target for theft and abuse.

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Evening Standard

Poundland takes £640 million hit on Budget costs and sales woes

The discount chain’s owner, Pepco, swung to a full-year pre-tax loss of 554 million euros (£457 million) after booking the write-down on Poundland.

Ideal Home

Poundland is now selling apartments on Rightmove which will set you back £85,000 - here's everything we know

The brand has branched out to property this year

Evening Standard

Poundland has no plans to revert all prices to £1, Pepco boss says

The high street chain started selling products between 50p and £5 five years ago

The Guardian - UK

Poundstretcher sold to Majestic Wine owner Fortress

US investment firm snaps up UK discount retail chain ‘with huge potential’ for undisclosed sum

Evening Standard

Poundland owner Pepco to ‘refocus’ on Central and Eastern Europe after back-to-back profit warnings

Pepco will work to get its Central and Eastern European arm back on track, after a September heatwave hit sales

The Independent UK

These former Wilko stores will reopen as Poundland shops this weekend

Poundland owner Pepco agreed earlier this month to buy up to 71 Wilko stores from administrator PwC following the collapse of the high street chain

The Guardian - UK

The Range buys Wilko brand in multimillion-pound deal

The homeware retail brand has also bought the intellectual property rights of Wilko, but none of its stores

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