Poundland: TOFS owner Modella drops out of auction

The Original Factory Shop owner Modella Capital has been eliminated from the auction of Poundland.
The discounter’s parent company Pepco Group is said to have shortlisted Hilco, the former owner of HMV and Homebase, and former Laura Ashley-owner Gordon Brothers, Sky News reported.
It is understood that a decision on a preferred bidder for Poundland was likely to be made within days.
If a deal is agreed with either of the shortlisted bidders, the new owner would be required to repay roughly