Poundland owner eyes sale one year after takeover August 18, 2026 The owner of Poundland is weighing up a sale of the discount retailer only one year after snapping it up for just £1. Gordon Brothers, a Boston-based investment firm, is in talks with advisers over launching a potential auction for the retailer – which is in the midst of a drastic restructuring. The sale would [...]
Mothercare shares dive as firm warns future in ‘significant doubt’ December 23, 2025 Shares in retailer Mothercare plunged by 10 per cent on Tuesday after the group cast “significant doubt” over its future on Tuesday. In a trading update it said it had breached an emergency loan agreement leaving the firm on the hook for millions of pounds. The AIM-listed company was set to repay an £8m loan [...]
Poundland to close 68 stores in restructuring plan June 17, 2025 Poundland has announced the closure of just under 10 per cent of its estate as its restructuring plan takes shape under new ownership. The discount retailer, previously owned by Pepco, was acquired by investment giant Gordon Brothers for just £1 after a prolonged period of declining sales. The chain has struggled with “challenging trading conditions”, [...]
Poundland sold for just £1 and handed war chest to lead recovery June 12, 2025 Poundland has been sold for just £1 to investment giant Gordon Brothers in a deal which will provide the discount retailer with a £80m war chest to turn around its fortunes. Pepco Group has entered into a definitive agreement with Gordon Brothers to sell Poundland which will continue to be led by chief executive Barry [...]
The Body Shop might have a saviour in former Mothercare chief June 30, 2024 The former boss of Mothercare is angling to step in and turnaround The Body Shop after it fell into administration earlier this year.