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The Latest Breaking News from Poundland

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

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)

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Rachel Reeves fails to rule out future tax rises as economy shrinks

However, the Chancellor repeated her promise that she would not need to increase taxes on the same scale as last year.

The Independent UK

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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June 2025 shop closures - full list revealed

Several beloved British shops will close for good in coming weeks

Evening Standard

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

Full list of Poundland stores closing as company is sold

The low cost chain is struggling in the UK’s brutal retail landscape and its owner is hoping to offload it

Evening Standard

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

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The Independent 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

Evening Standard

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

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

Jail sentences for pair after TV antique expert’s Chelsea jewellery store robbed

James Dixon, 43, and Thomas Loring, 41, were jailed over a ‘campaign of burglaries in the Greater London area’, Kingston Crown Court was told.

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news in one place.

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Evening Standard

Ian Towning: Pair jailed after attacking TV antiques expert with hammer in Chelsea shop raid

James Dixon, 43, and Thomas Loring, 41, were jailed over a ‘campaign’ of burglaries including violent attack on antique expert’s shop

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.

International Business Times UK

Poundland Invests in High-Tech Security After £44m Stock Loss Amid Rising Retail Crime

Budget retailer Poundland has announced plans to beef up its security measures following the loss of over £40 million worth of stock last year.

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.

Creative Bloq

10 brands that really need to rebrand in 2025

These iconic brands could all do with a refresh in the year to come.

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.

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