Poundland

Northern Ireland’s Abbey Centre sold to new owner for £59m

Abbey Centre in Northern Ireland has been sold by NewRiver to The Herbert Group of Companies in an off market…

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Poundland slashes guidance as H1 sales worsen

Pepco Group, the owner of Poundland, has slashed its full-year guidance for the discount chain as trading remained “challenging” in…

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Poundland store closures ‘likely’ as sale nears completion

Poundland store closures are reportedly “likely” as Gordon Brothers, the former owner of Laura Ashley, has emerged as a frontrunner…

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Today’s news in brief-7/5/25

Asda has appointed Rachel Eyre as its new chief customer officer, replacing David Hills. Eyre joins from Morrisons, where she…

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Poundland: what does the future hold for the discount retailer?

Poundland, once the epitome of the UK’s discount retail scene, finds itself at a crossroads as it navigates shifting consumer…

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TOFS appoints former commercial director Tim Bettley as MD

The Original Factory Shop (TOFS) has appointed experienced retail leader and its former commercial director Tim Bettley as its new…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain…

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Hilco Capital and Endless table offers for Poundland

Several potential buyers have reportedly tabled their offers to acquire Poundland, after the retailer has been hit by struggling sales…

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Is going private the next big trend in retail?

Walgreens Boots Alliance was acquired by the American private equity firm Sycamore Partners in a deal valued at up to…

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Today’s news in brief-6/3/25

Pepco Group is considering the sale of Poundland as part of a strategic shift to focus on its Pepco brand,…

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