Pepco who owns Poundland are expecting to sell the discount supermarket chain by the end of September, they are still considering the “separation” of the 818 stores.
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Thousands of jobs could be at risk as hundreds of Poundland stores could close, which comes as the Chancellor’s Budget has added “further pressure” for company.
Poundland employs 18,000 people in the UK and Ireland, it could be sold for £1 to investors as the landscape has become “increasingly difficult.”
A source has said that Poundland’s owner Pepco Group said the price for the business could “effectively [be] a pound.”
Gordon Brothers who own Laura Ashley are among a number of private equity and investment firms who have expressed interest in buying Poundland as Pepco placed it on the market earlier this year.
Up to 200 Poundland stores could be closed as part of a rescue deal, The Telegraph reported last week.
Poundland reported in the three months to 31 December like-for-like sales dropped 7.3% and in March the company said they are looking into “all strategic options.”
Stephan Borchert, chief executive of Pepco, said, “At Poundland, trading remains challenging, which is reflected in a profit outturn below expectations for H1 and a weaker outlook for the full year.
“Barry Williams, who was reappointed as Poundland managing director in March 2025, and his team are actively driving a recovery plan to help turn around the business by refocusing on its traditional core strengths.”
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