High Street
Poundland store closures ‘likely’ as sale nears completion
Although sources close to the matter said that it looked likely that Gordon Brothers would acquire the group, other sources noted that the bids were yet to be finalised
Poundland store closures are reportedly “likely” as Gordon Brothers, the former owner of Laura Ashley, has emerged as a frontrunner to take control of the group, according to The Times.
Bids for the group, which is owned by Pepco and employs more than 16,000 people across the UK and Ireland, are expected on Tuesday, sources told the paper.
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