Gordon Brothers Seeks to Sell Poundland Within Weeks
Gordon Brothers is seeking to sell UK retailer Poundland within weeks ahead of the Christmas trading period, according to a report by Sky News. Alvarez & Marsal (A&M) has been appointed as financial advisor and aims to finalize a sale before October's end. First-round bids are expected early next month. The potential sale comes over a year after Gordon Brothers acquired Poundland from Poland’s Pepco Group for £1 ($1.36). The acquisition led to the closure of around 200 stores through restructuring, reducing its store count from approximately 800 to about 600 today. Despite this reduction, the company has reportedly become profitable on an EBITDA basis in 2026. Potential bidders include Modella Capital and other strategic buyers or financial investors. Gordon Brothers stated it supported Poundland’s management team in stabilizing and improving operations.
Topics: acquisition Gordon Brothers Poundland retail sale process