Jobs on the line as Poundland poised to appoint administrators Retail Poundland’s directors are poised to appoint administrators as the beleaguered discount retailer staggers towards collapse. The company is preparing to make a filing to the High Court, which could come as soon as Wednesday evening, which would fire the starting gun on its race to find buyers for its assets and new homes for its [...]
Poundland owners push retailer towards insolvency Retail Poundland’s owners are resisting a takeover bid from an Irish property firm and instead pushing the discount retailer close to collapse. The leading bidder to take over the struggling discount retailer, Martin Property Group (MPG), has failed to win the favour of Poundland’s owners because it has not offered to pay for a loan up [...]
Supermarket giants welcome crackdown on Aldi and Lidl Retail Supermarket giants, including Waitrose and Morrisons, have welcomed the competition watchdog’s decision to crack down on Aldi and Lidl. Lidl and Aldi are currently excluded from a law which bans the UK’s biggest supermarket chains from engaging in so-called ‘landblocking‘. Top grocers have already warned that the existing rules allowed the two German discounters to use a “problematic” [...]
Iceland eyes Poundland stores as buyers circle budget retailer October 20, 2026 Iceland is interested in buying a limited number of Poundland stores in the event the troubled retailer’s owners cannot find a single buyer, City AM can reveal. The discount supermarket will be on the lookout for a small number of shops if Poundland’s 600-store estate ends up being split apart, sources said. Iceland, which specialises [...]
B&M joins battle to ‘cherry pick’ Poundland stores in sale October 19, 2026 Discount retailer B&M has joined the tussle to pick off select Poundland stores as its Boston-based owner Gordon Brothers eyes a rushed sale of the company. London-listed B&M European Value Retail is interested in acquiring a small number of Poundland stores, should the retailer be broken up if a buyer for the whole company is [...]
Poundland hits out at ‘speculation’ after union criticises owner October 14, 2026 Poundland has hit out at the “speculation” engulfing the company’s sale after a retail workers’ union dubbed its US owner an “absolute disgrace”. Usdaw, the union representing shop workers, said earlier this week that it has “deep concerns” about US investment firm Gordon Brothers’s sale of the business. Bally Auluk, Usdaw’s national officer, claimed Poundland’s [...]
Lidl doubles down on loyalty pricing despite Aldi attacks October 5, 2026 Lidl grew its profit and revenue last year after pulling in an additional 43m shopping trips, as the discount grocer doubled down on its loyalty price scheme. The German firm and rival Aldi have swept to dominance of the budget grocer market in recent decades, but Aldi has hit out at its competitors for allegedly [...]
Poundland owner weighs break-up of retailer it bought for £1 September 30, 2026 A flurry of bids for just some of Poundland’s 600 shops could prompt Poundland to consider a break up of the retailer, City AM understands. US investment firm Gordon Brothers initially sought offers for the entirety of the business, but may instead opt to sell Poundland’s stores to a number of different buyers, sources told [...]
Poundland suitors tussle to buy £30m discount retailer September 25, 2026 Several bidders will table offers for Poundland on Friday, as the owners of the discount retailer seek £30m for the company they bought for just £1. Multiple suitors are expected to hand their bids to Gordon Brothers, which owns Poundland, as early as Friday, as the US investment firm rushes to complete a deal before [...]
Poundland owner could carve out Irish business in rush sale September 24, 2026 Poundland’s owners are considering selling off the discount retailer and its Irish branch, Dealz, in two separate transactions, City AM has learned. Gordon Brothers, which bought Poundland and Dealz only a year ago, is sounding out interest in the two retailers in hopes of completing a deal before the busy Christmas trading period. This process [...]