Poundland is preparing to axe more than 1,000 jobs and close dozens of stores after being sold in a rescue deal for a £1. The discount chain, which was taken over by private equity group Gordon ...

The founder of Poundland has said he tried to buy the firm back when he heard it was up for sale. Steve Smith's business venture began on a market stall in Bilston where he sold items for £1 ...

Poundland has been sold to the former owner of Laura Ashley - Stefan Wermuth/Reuters Poundland has been sold to the former owner of Laura Ashley for £1. Gordon Brothers, which backs distressed ...

Nearly 70 Poundland stores will close after the chain was acquired for £1 in a rescue deal. Investment firm Gordon Brothers bought the struggling discount shop last week, with Poundland going ...

No wonder chairman Andy Bond rushed for the exit months later, despite promising that he was looking “forward to working with” the recently appointed Borchert. Since then, trading has worsened further ...

Poundland has confirmed another branch is shutting its doors in weeks. Poundland, which is headquartered in the Black Country, has confirmed another branch is closing its doors for good in just weeks.

Poundland confirms more store closuresThis month's wave of closures comes as companies struggle with growing expenses and a decline in visitor numbers over the previous 12 months. Businesses have had ...

The news that UK discount retailer Poundland has been sold to US investment firm Gordon Brothers for - of course - £1 has been followed up the inevitable announcment of closures across its 850 ...

Poundland is closing another one of its stores later this month after 15 years in business. The discount chain is shutting its Canterbury city centre branch on St George's Street on July 23.

The restructuring plan, which would put more than 1,000 jobs at risk, would need to be approved by the High Court before it can go ahead. Poundland, which is owned by Pepco Group, currently has ...