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Tag: Poundland

Poundland to mothball one in 10 stores as shoppers heed coronavirus advice | Business

Poundland is to mothball about one in 10 stores and lay off 250 head office staff as shoppers follow government advice and stay away from the high street. The no-frills chain said it will close stores where there are two shops near each other or where they are located in a shopping centre that has …

Poundland to mothball one in 10 stores as shoppers heed coronavirus advice | BusinessRead More

Coronavirus prompts Poundland owner to postpone flotation | Business

Poundland’s owner Steinhoff International is postponing a potential sale or flotation of its European arm amid uncertainty relating to coronavirus and the unrelated illness of boss Andy Bond. Pepco Europe, which has about 2,000 stores including Poundland in the UK and the Pepco and Dealz chains in Europe, was expected to finalise a takeover deal …

Coronavirus prompts Poundland owner to postpone flotation | BusinessRead More

Carpetright agrees £15m sale to main investor Meditor | Business

Carpetright has agreed a cut-price £15m sale to its biggest shareholder, saying its new owner would help it complete a turnaround plan in a “very challenging consumer market”. Meditor, a British hedge fund headed by former Old Mutual banker and poker player Talal Shakerchi, is to take full control of Carpetright after buying nearly 30% …

Carpetright agrees £15m sale to main investor Meditor | BusinessRead More