Poundland sold for £1 with shops set to close
Business / Thu 12th Jun 2025 at 01:51pm
STRUGGLING budget chain Poundland has been sold for £1 and now faces a shake-up which could see up to 100 stores close, the BBC understands.
Its owner Polish firm Pepco confirmed it had sold the brand for a “nominal” sum to US investment firm Gordon Brothers.
Poundland has 825 UK stores and around 16,000 staff and was struggling to compete with other discount stores, with sales down this January and February.
Harlow also has a large Poundland warehouse, opened by MP Esther McVey in 2014.
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https://www.bbc.co.uk/news/articles/c36594lr29ko
Adam
2025-06-12 15:01:14
We really do have a Potemkin economy
jarrett
2025-06-12 15:21:43
Careful Adam or Dan will be painting shopfronts on the hoardings dotted around the town centre.
Adrienne
2025-06-12 18:55:10
Print is expensive too
Adrienne
2025-06-12 18:56:01
I would have bought pound land for a quid.
Brian
2025-06-12 20:54:38
But adrienne think of the rent you would have to pay
Adrienne
2025-06-13 10:23:52
What 7 million pounds a week.Oh no I wouldn't be able to buy a roll of soft toilet paper.They could have reduced the price to 99p.Then I could buy a sheet to spend a penny.🥰
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