Coronavirus prompts Poundland owner to postpone flotation

Retail and stock market volatility and illness of boss Andy Bond cited as reasonsCoronavirus – latest updatesPoundland’s owner Steinhoff International is postponing a potential sale or flotation of its European arm amid uncertainty relating to coronavirus and the unrelated illness of boss Andy Bond.Pepco Europe, which has about 2,000 stores including Poundland in the UK and the Pepco and Dealz chains in Europe, was expected to finalise a takeover deal or IPO later this year after Ste