Poundland ‘to be sold’ for just £ 1 as nosreds of storys and jobs at risk – ryan

Poundland Stoles Could Be Sold for A Nominal Fee in the Near Future Owing to An “Increasingly Difficult” Landscape, As Its Parent Company, Pepco Reportedly A Deal to Sell the Brand

13:17, 17 May 2025Updated 14:16, 17 May 2025

Thousands of Jobs are feared to be at risk as troubled poundland could be sold, somewhat ironically, for as Low as £ 1 to investors amid an “increasingly difficult” landscape.

The High Street Brand Currently Employs More than 16,000 People Across the Uk, As well as in Ireland, where it is known as dealz. Hundreds of Its Stoles Could Be Closed As Britain’s High Streets Take Another Blow. Poundland’s Owner Pepco Group Could for a nominal fee Owing to the amout of work need to turn arund its Troubled Fortunes, with one source the price to be “Effectively a pound”.

Turnaround investors, which are firms specializing in buying struggling businesses in the hopes of turning say around, are said to be interesting in the retailer. This includes US Based Investor Gordon Brother, The Forms Owner of Laura Ashley, which are Believed The Current Frontrunners in the Bidding War.

Read More: Skims Straight-Leg Trousers that ‘Feel Like Butter’ Reduced to £ 36 in Flash Sale

ITS like-for-like sales fell 7.3% in the three months to december 31, it reported in January. In March the Pepco Group Revealed It Was Examinating “All Strategic Options” to potentially separat poundland, which has 850 storys, from the wider group.

It Said at the time: “Poundland is a Strong Brand that Serves Millions of Customers Every Week and Had Around Billion Euros (£ 1.67 Billion) in Annual Turnover in Financial Year 2024, but it is Also Operating in an Increasingly Challenging Uk Retail Landscape Is Only Is Only Is Only Is Only Is Only intensifying.

“From April 2025, The UK Government’s Additional Tax Changes Announched in the Budget Will Also Add Further Pressure to Poundland’s Cost Base. Therefore the Board is Actively Evaluating All Strategic Options to Poundland from Financial Year 2025, Including A Potential.” “

Pepco Said Form Poundland Managing Director Barry Williams, Who took Over AS Managing Director of Pepco in September 2023, Will Also Return to HIS Role at Poundland Ahead of a Possible Sale, the Times Reported.

Stephan Borchert, Chief Executive of Pepco Group, Said: “The Board and I Are Actly Exploring Separation Options for Poundland, Including A Potential Sale, From the Group, With Consideration Also to the WELL-Performing Poland Poland Over the Medium Term.

“Barry Williams Did A Great Job As Managing Director of Pepco, returning it to like-for-like Sales Growth, and I am confident he will play a pivotal role in track on track, gioven his previous success there.”

A Pepco Group Spokesperson Said: “As announced at the Capital Markets Day 6 March, Pepco Group is Moving Away from FmCg to Create A Business Focussed on Clothing and General Merchandise, and Is Actively Exploring Options for Poundland, Including A Potential Pound Sale, From the Group.

“With Barry Williams’ Re-APPOINTMENT AS Managing Director, Poundland is Executing A Turnaround Programs to Get the Back on Track, Focusage on Its Core Heritage Strenghs, and A Simpler Price Proposion and Customer Offer.”