Poundland set to be sold — for a pound
It has long made a name for itself by offering rock-bottom prices, but now Poundland itself is set to be sold for a pound as bidders circle the embattled retailer.
Gordon Brothers, the former owner of Laura Ashley, has emerged as a frontrunner to take control of Poundland, which employs more than 18,000 people across the UK and Ireland, according to a source close to the matter. Another source said Gordon Brothers was one of many bidders and did not have preferential status.
Bids for Poundland, which is owned by the Warsaw-listed retailer Pepco and has 825 shops in the UK, are expected on Tuesday, sources told The Sunday Times.
A clutch of turnaround investors — companies that specialise in buying up distressed retailers in
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