Overview

• Pepco Group is finalizing the sale of its Poundland chain to focus on higher-margin merchandise, with final bids expected imminently.
• The sale could value Poundland at a nominal £1, reflecting the significant turnaround required to stabilize the business.
• Up to 200 loss-making stores have been identified for potential closure, adding uncertainty for the retailer's 16,000 employees across 825 locations.
• Barry Williams has been reappointed as managing director to lead a recovery program aimed at simplifying pricing and restoring core strengths.
• Prospective buyers include turnaround specialists such as Gordon Brothers, Hilco Capital, Modella Capital, and Endless.