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Henry Saker-Clark PA

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  • Poundland to shut 68 shops and two warehouses after takeover

    1 week ago | bristolpost.co.uk | Pete Gavan |Anna Wise |Henry Saker-Clark PA

    The discount chain was sold for £1 last weekHundreds of jobs are at risk at Poundland after the retailer announced plans to shut 68 shops and two of its UK warehouses following its takeover by investment firm Gordon Brothers. Last week, Pepco Group sold the discount chain for £1 after it had been hit by a sharp downturn in trading in recent years. On Tuesday, Poundland said it is seeking court approval for a restructuring plan to shut 68 shops and secure rent reductions on dozens more.

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