Poundland news and analysis
Poundland is a variety discount retailer, operating more than 800 stores. The Grocer covers Poundland with news, analysis, insight and opinion, including its evolving role in the UK discount sector.
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NewsPoundland supplier slams chain’s owner for freezing funds that could pay debts
Vijay Daswani, director of Hong Kong-based Charles International, said Poundland’s plight was ‘not only a UK jobs story’
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NewsPR consultancy hired by Poundland owner advised data firm linked to Brexit result
Hanbury Strategy was hired in 2017 to provide policy and communication advice to AggregateIQ, the firm which Vote Leave director Dominic Cummings had credited with helping the campaign succeed in the 2016 referendum
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NewsPoundland bosses upbeat after meeting minister
Poundland MD Barry Williams and finance chief Shaun Wills met Kate Dearden, minister of state for the future of work, in the hope ministerial pressure can persuade the retailer’s owner Gordon Brothers to unlock access to crucial operational funding
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NewsPoundland bosses meeting minister today over retailer’s plight
Poundland MD Barry Williams is due to meet Kate Deardon, minister of state for the future of work, on Wednesday
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Comment & OpinionPoundland politics: who should decide the retailer’s fate?
Few tears will be shed for Gordon Brothers as it faces an onslaught of criticism for the way it has handled the Poundland crisis, but calls for government intervention in the affairs of a private business should be treated with caution
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NewsGovernment ‘cannot intervene in fate of Poundland’
‘The government cannot simply step in because it disagrees with the commercial decisions being made,’ an insolvency expert has warned
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Comment & OpinionEditor’s picks: budget repercussions, RTD growth and Poundland on the brink
As the dust settles on this year’s budget, we explore what it means for the food and drink industry, while elsewhere demand for RTDs and protein shows no signs of slowing
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NewsPoundland on brink of collapse as retailer lines up administrators
A notice of intention to appoint AlixPartners as administrator has been filed with the courts this afternoon. Poundland MD Barry Williams said ‘despite enormous efforts’ it had not been possible to find an acceptable offer for the business as a whole
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NewsUnion demands talks with Poundland owner as collapse fears mount
Gordon Brothers, which took majority control of Poundland for £1 last year, is understood to be against selling the business as a whole
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Comment & OpinionEditor’s picks: EasyShop, Asda and budget concerns
EasyShop’s Stelios Haji-Ioannou is confident, but the likes of Amazon have struggled to establish a foothold in grocery
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NewsPoundland owner appoints restructuring experts as independent directors
Gordon Brothers has parachuted in Andrew Kirkpatrick, Stephen Welch and Dominic Young
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NewsPoundland management buyout still on the table as it hires for Christmas
The recruitment push comes as a clutch of bidders vies for parts of the business in auction process by owner Gordon Brothers
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NewsUnion ‘deeply concerned Poundland is being pushed into administration’
Usdaw said it had persistently sought talks with Gordon Brothers to no avail and feared a decision could be made on Poundland’s fate as soon as Tuesday
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NewsPoundland makes second trading update in weeks amid buyout talks
Poundland said like-for-like sales growth had continued in the first week of its current quarter, which started on 28 September, climbing by 9.8% on an adjusted basis and 6.7% unadjusted
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NewsPoundland bosses joined by Andy Bond in management buyout talks
A team formed by Poundland leadership and Andy Bond, the former CEO of Asda and Pepco Group, is in advance talks over a management buyout funded by one of the bidders in the auction for Poundland
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NewsPoundland hails return to like-for-like sales growth in Q4
The trading update comes with Poundland owner Gordon Brothers in talks to sell the variety discounter
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Analysis & FeaturesPoundland: what would a new owner’s game plan be?
Where will a buyer take its ‘delicate’ recovery?
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NewsPoundland owner sounding out Modella for interest
The owner of TG Jones, which is closing up to 150 stores after a restructure was launched in July, is said to be among potential Poundland suitors
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NewsPoundland latest retailer to knock loyalty cards and ‘fake discounts’
Poundland has dubbed itself ‘the home of anti-silly prices’ in ads featuring a wrestler – the Poundland Pounder – tearing downs signs that say ‘fake discount’
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NewsPoundland accounts reveal £60m in overstated sales in 2024
The error had no impact on profit for the year because cost of sales was overstated by the same amount, according to newly filed accounts at Companies House