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Poundland sold for £1 and to close stores in restructure
Derby Telegraph
|June 13, 2025
POUNDLAND is to shut dozens of stores after being sold for £1 to investment firm Gordon Brothers.
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The discount chain, which has shops in the city and county, is known for primarily selling products for £1, and had been put on the market earlier this year after a sharp downturn in trading. The chain grew from a single outlet in Burton in 1990.
The retailer grew from a single location in Burton upon Trent.
Poland-based Pepco Group, which has owned Poundland since 2016, said yesterday it completed the sale of the business for a “nominal” fee.
Sources close to the process have said this was £1.
Poundland's more-than-800 stores and roughly 16,000 employees will be transferred to the ownership of Gordon Brothers, the former owner of Laura Ashley, as a result.
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