Poundland seals £180m financing deal to reduce reliance on Steinhoff

Loan will allow UK retailer to distance itself from scandal-hit South African owner as it reports record Christmas trading Poundland has secured £180m of independent financing that will reduce its reliance on its troubled South African owner Steinhoff International after bumper Christmas trading.Pepkor Europe, the European owner of Poundland, the Pep&Co clothing business and two other chains, has arranged a two-year loan facility from US investment firm Davidson Kempner Capital |Manage