Overview

• Sale finalized on June 12 sees investment firm Gordon Brothers acquire Poundland for a nominal £1 as Pepco shifts its strategy toward higher-margin clothing.
• Gordon Brothers commits up to £80 million to back the retailer’s turnaround, with Pepco retaining a minority stake.
• A proposed restructuring plan filed for High Court approval is set to close around 100 underperforming stores, triggering rent renegotiations with landlords.
• Poundland’s estate spans roughly 825 outlets employing about 16,000 people across the UK and Republic of Ireland, putting thousands of jobs at risk.
• Chief executive Barry Williams, reinstated in March, will stay on to lead the recovery under the new ownership.