Poundland owner Pepco brings in Vision Express boss as new chief amid ‘challenging’ environment April 11, 2024 Pepco Group, the owner of the Poundland brand in the UK, has appointed a new chief executive.
Grocery price inflation drops to its lowest level in over a year September 12, 2023 Grocery price inflation dropped to its lowest level in over 12 months, falling 12.2 per cent for the four weeks to September, new data shows.
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Poundland and B&M deals for 100 Wilko stores facing collapse due landlord haggling October 4, 2023 The acquisition of 100 Wilko stores by B&M and Poundland could fall through, as the discount retailers attempt to negotiate more favourable terms with landlords. B&M, which acquired 51 Wilko stores, has been accused of delaying completing deals while it looks to set up new rent and lease arrangements and to renegotiate the terms in [...]
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
The Works: Discounter fails to benefit from cost of living crisis as profit slides August 30, 2023 The retailer The Works, which speciailses in knockdown prices, has failed to turn the cost of living crisis to its advantage
Mike Ashley beefs up Frasers with bargain Matchesfashion deal December 20, 2023 Retail tycoon Mike Ashley has bought yet another struggling retail brand, snapping up Matchesfashion in a discounted deal.
Activist investor Kelso gains board seats at The Works as it tries to enhance shareholder value February 14, 2024 Kelso chief John Goold and chief financial officer Mark Kirkland have gained non-executive director positions, and will focus on "all matters relating to shareholder value."
Wilko ‘not out of the woods’ yet as redundancies suspended while PwC mulls bids August 29, 2023 Wilko has suspended all redundancies while its administrators PwC consider further bids, GMB Union has said. The union met administrators of PwC this morning to discuss multiple bids which have been made for the discount retailer. “Whilst this is a positive development, Wilko is not out of the woods by any means and this is [...]
B&M to close four more stores but warns it has ‘nothing to do’ with diminishing high street February 28, 2023 B&M is closing more stores across Britain in the coming weeks, however the discount retailer has warned that it is “nothing to do with the diminishing highstreet”. The retailer, which sells home goods and electronics, will close four stores in total across the UK – having previously announced the closure of two sites. According to [...]