Poundland owner appoints advisors to handle sale

Poundland owner Pepco has formally appointed advisors at Teneo to handle the sale of the discount chain.
The group revealed it was “actively exploring” a sale of the business last week as it claimed the UK retail market remains “increasingly challenging” and additional tax changes from next month will impact the retailer’s cost base.
Pepco said Poundland had continued to experience a negative like-for-like sales performance for the first two months of the year, with