Gordon Brothers acquires Poundland, pledges £80m to turnaround plan

Investment firm Gordon Brothers has acquired Poundland from Pepco Group and pledged up to £80m for the retailer’s proposed management-led turnaround plan.
Barry Williams, who returned as CEO in March, will continue to lead the business as it undergoes restructuring amid challenging trading conditions.
The discounter, known for its low prices and wide product range, operates around 800 stores across the UK and Republic of Ireland, employing approximately 16,000 people.
Williams said: