Update: Poundland denies reports of stock shortages

Poundland has denied that it is facing issues to stock certain items following reports major suppliers like Proctor and Gamble and Nestle tightened their credit lines amid uncertainty over the retailer’s future.

The retailer called the reports “false” and added that it is has received strong support from suppliers as it navigates its restructuring.

New owners Gordon Brothers is seeking court approval for its restructuring plan. On Tuesday (8 July) a judge approved the classification of creditors under the plan and a final ruling is expected by August.

While trade suppliers are not often involved in the court-led restructuring process Poundland has started briefing them on the specifics of the plan. A supplier meeting was held on Wednesday (9 July) in Walsall, where its head office is based.

Last month, the company was sold to American restructuring firm Gordon Brothers for £1, marking its exit from the Pepco Group.

Poundland currently employs around 16,000 colleagues across over 800 stores in primary locations across the United Kingdom, Isle of Man and Ireland.

All stores, colleagues, assets and liabilities of the Poundland business transferred under Gordon Brothers’ ownership as part of the transaction.

At the time, Stephan Borchert, Pepco Group CEO, said: “The agreed sale of Poundland marks an important milestone in our strategic plan to move away from FMCG and focus predominantly on Pepco, our higher margin clothing and general merchandise business.

“As set out during our Capital Markets Day in March 2025, this transaction will strongly support our accelerated value creation programme by simplifying the Group and focusing on our successful Pepco business.”